Profiles International

 

MFOEL…. What does that mean for me?
by Ms. Pamela Blevins

For those who participate in open-end lending, 2009 was a year of many changes in the way open-lending was conducted.  In January 2009, the Federal Reserve Board (FRB) made many modifications to Regulation Z which significantly affected open-end credit loan products and birthed MFOEL.


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