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#1
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Proposed UIGEA regulations to come out within a week
I hear the proposed UIGEA regs will be released for public comment within a week. My understanding is that there will be a 90 day comment period, followed by a four-month period for evaluation and incorporation of the comments.
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#2
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Re: Proposed UIGEA regulations to come out within a week
Let's do all we can, to render these regulations useless. It would be wonderful to see some sort of campaign against them.
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#3
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Re: Proposed UIGEA regulations to come out within a week
[ QUOTE ]
Let's do all we can, to render these regulations useless. It would be wonderful to see some sort of campaign against them. [/ QUOTE ] We've been campaigning in an organized fashion against the regs for months now. I hope we had some success. We won't know until the proposal is available for review. The next step will be for us to go to the comment website and make statements for the public record. Hopefully we'll all participate. |
#4
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Re: Proposed UIGEA regulations to come out within a week
I'll believe these rumors when I see the regs. The regs will hurt DOJ in the iMEGA case and lead to more litigation.
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#5
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Re: Proposed UIGEA regulations to come out within a week
Hi I've been following these discussions sparingly but was this announcement expected or is this pretty bad news for us?
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#6
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Re: Proposed UIGEA regulations to come out within a week
[ QUOTE ]
Hi I've been following these discussions sparingly but was this announcement expected or is this pretty bad news for us? [/ QUOTE ] It was expected. Actually, the regs are significantly behind schedule. |
#7
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Re: Proposed UIGEA regulations to come out within a week
[ QUOTE ]
I'll believe these rumors when I see the regs. The regs will hurt DOJ in the iMEGA case and lead to more litigation. [/ QUOTE ] If it were a rumor, I'd have posted "I heard a rumor that...." |
#8
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Re: Proposed UIGEA regulations to come out within a week
[ QUOTE ]
The regs will hurt DOJ in the iMEGA case and lead to more litigation. [/ QUOTE ] It's not like the DOJ will never issue the regs out of fear of iMEGA. After all, iMEGA would be able to refile the case whenever the regs finally came out. |
#9
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Re: Proposed UIGEA regulations to come out within a week
TE, do you have any specifics on how the comment period works?
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#10
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Re: Proposed UIGEA regulations to come out within a week
[ QUOTE ]
TE, do you have any specifics on how the comment period works? [/ QUOTE ] Sure. There will be a window of 90 days to post comments on this proposed rule. It will likely be posted at the Federal Reserve site. To see how it works, check out the following link for the Truth in Lending proposed rules: www.federalreserve.gov/generalinfo/foia/ElectronicCommentForm.cfm?doc_id=R-1286&doc_ver=1&name=Regulation%20Z%20-%20Truth%20in%20Lending&date=20070523a It is also possible to email comments. The reg proposal will contain instructions for that. |
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