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Posted by: thielcats at October 4, 2007, 4:53 am
Topic: PPA Recent News Forum: Card Chat

Here is something recently put on Cardplayer.com discussing the new UIGEA proposed legislation.

"Nothing is going to happen for quite a while. The Agencies want feedback until Dec. 12, 2007. Then there is Christmas and the New Year holiday. Then there is the task of digesting the comments and rewriting the regulations. That will probably take another six to nine months. Then the Agency proposes that financial institutions have six months to create policies and procedures. Six months just won’t do it. Perhaps in 2009, financial institutions might have policies and procedures. Of course, by that time, Congress will have made online gambling legal in the U.S."

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