Advertising Bonuses – Credit Unions

ADVERTISING BONUSES We are often asked to review advertisements that contain bonuses. A bonus, under Truth in Savings (12 CFR 707), requires additional disclosures, so today we thought we would delve into the triggers and requirements. WHAT IS A BONUS? Truth in Savings defines bonus as “a premium, gift, award, or other consideration worth more than $10 (whether in the form … Read More