CUNA has updated its Military Lending Act credit card fee spreadsheet for the first quarter of 2019, a necessary resource as a credit union may exclude a bona fide credit card fee from the MAPR if the fee is considered “reasonable,” under the MLA rule.

CUNA has updated its Military Lending Act credit card fee spreadsheet for the first quarter of 2019, and CompBlogfeatures a “back to basics” entry for the MLA, examining what loans are covered and what loans are exempt from the rule.

CUNA has updated its Military Lending Act credit card fee spreadsheet for the first quarter of 2019. The spreadsheet is necessary because a credit union may exclude a bona fide credit card fee from the MAPR if the fee is considered “reasonable."