Unlawful Internet Gambling Enforcement Act
Congress enacted the Unlawful Internet Gambling Enforcement Act in 2006 and credit unions had until December 1, 2009 to begin complying.
The rule's purpose is to prevent unlawful Internet gambling by focusing on business members and restricted transactions. Prince George Community Federal Credit Union has established policies and procedures to prevent businesses whose purpose is to engage in unlawful Internet gambling, from joining the credit union and to prevent "restricted transactions."
Members are prohibited from engaging in unlawful Internet gambling or any other related illegal activity. No credit union accounts, access devices or services should be used for unlawful Internet gambling or other illegal activities. Prince George Community Federal Credit Union may terminate an account relationship if member engages in unlawful Internet gambling or other illegal activities. If you have any questions about this federal regulation, please contact us at (301) 627-2666.
3 Min Read
One of the most effective tools for preventing a large-scale financial disaster is an emergency fund…Learn about Emergency Funds
7 Min Read
The 50/30/20 rule is a simple, practical rule of thumb for individuals who want a budget that is easy, yet effective, to implement…How to Set Your New Budget
3 Min Read
Even if you’re just starting your first real job—actually, especially if you’re just starting your first real job—it’s time to start thinking about retiring…How to Plan for Retirement