DCU Bulletin B-16-16 Practice of Using Power of Attorney for Vehicle Loans

On September 28, the DCU released Bulletin B-16-16 regarding the use of Power of Attorneys for vehicle loans.  The DOL will now require a separate power of attorney to be signed by the member, not an employee of the credit union, using general power of attorney language contained within consumer loan agreements. Practice of Using Power of Attorney for Vehicle … Read More