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MLA credit card FAQ – Bona fide and reasonable fees outside the safe harbor

Wednesday, October 4, 2017  
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MLA credit card FAQ – Bona fide and reasonable fees outside the safe harbor
by Brandy Bruyere, NAFCU COMPLIANCE BLOG
Tomorrow is the Military Lending Act (MLA) compliance deadline for credit card products. Compliance officers have been working hard to implement this rule – and several others for that matter like mortgage servicing amendments and the Home Mortgage Disclosure Act (HMDA).