The Poker Players Alliance has authored a letter in conjunction with the National Thoroughbred Racing Association and the American Greyhound Track Operators Association presented to the Secretary of the Treasury, Timothy Geithner and Federal Reserve Chairman, Ben Bernanke. Its purpose is to encourage the delay of the UIGEA’s full regulations by one year. The letter states, “An extension of the compliance date is necessary because a significant number of institutions subject to the Final Rule will not have in place the necessary policies and procedures mandated by the Final Rule on December 1, 2009, the current compliance date.”
:dirol
:thumbsup:thumbsup:thumbsup
But I also heard that some banks are going forward with this. The issues and review of transactions is getting to be to much and they are moving forward, regardless of any timeline changes.
take care
:dirol