Pressing Credit Union Compliance Issues

February 11, 2009
1:00 p.m.- 2:30 p.m. Central Time
(2:00-3:30 p.m. ET, 12:00-1:30 p.m. MT, 11:00-12:30 p.m. PT - Confirm the relative time in your area by visiting www.time.gov)
Tuition: $89

• Call-in Procedure

This compliance audio conference will address various current hot compliance topics and give you a heads up on pending regulation. On the call will be a panel of experts from CUNA Washington and guest speakers from time to time. You will also have the opportunity to ask questions about other compliance topics.

Part I: Areas Currently Requiring Special Attention by Credit Unions

• Gain an update on new FinCEN rule streamlining Currency Transaction Report (CTR) exemptions
• Determine what is considered a "primary residence" for purposes of providing rescission notices under Regulation Z
• Learn how to properly disclose standard versus preferential loan rates
• Identify when to apply the Servicemembers Civil Relief Act's 6% interest rate cap for pre-military service debts
• Explore compliance issues involved in moving from paper statements to e-statements
• Hear about a brief update on changes to Form 990

Question-and-answer period on the topics covered in Part I

Part II: Quick Overview of Other Compliance Issues Coming Down the Pike

• Examine the Federal Reserve Board's Final Regulation Z open-end lending regulation
• Learn about the Interagency Final Rule on Unfair and Deceptive Credit Card Practices
• Explore HUD's Final Real Estate Settlement Procedures Act (RESPA) regulation
• Learn about the Treasury and the Federal Reserve Board's Final Internet gambling regulation
• Hear an update on the development of the "Nationwide Mortgage Licensing System and Registry"
• Learn about other notable legislative and regulatory developments

Question-and-answer period on the topics covered in Part II

This compliance audio conference will address various current hot compliance topics and give you a heads up on pending regulation. On the call will be a panel of experts from CUNA Washington and guest speakers from time to time. You will also have the opportunity to ask questions about other compliance topics.

This audio is beneficial for CU compliance professionals, league compliance professionals, management, directors/volunteers, or anyone interested in the topic.

Is a recording available for purchase?
Yes, you can share the information with other staff by ordering a recording of the audio conference (even if you couldn’t attend the live call). Orders must be placed by the date of the audio conference and will ship within two weeks of the event. Order by clicking here or call 800-356-8010, press 3 to order stock # 28777 (CD). The cost is $89 plus shipping and handling.

Hear from these industry experts:
Kathy Thompson
Kathleen Thompson is senior vice president and associate general counsel for the Credit Union National Association. For almost 30 years, she has represented credit unions before the National Credit Union Administration, the Federal Reserve Board, the Treasury Department, the Federal Trade Commission, and other federal agencies. She is currently focusing her efforts on increasing CUNA's compliance information to leagues and credit unions, and on providing assistance in the drafting of legislation and the preparation of testimony for Congress. Kathleen appears regularly before credit union groups to discuss current congressional and regulatory events and to present compliance seminars.

Val Moss
Valerie is director of Compliance Information for CUNA Regulatory Affairs in the Washington, DC office. Valerie works closely with CUNA’s Publications and Web Services Departments to deliver useful and accurate compliance information in a user-friendly format to CUNA’s members. She is the editor of both Credit Union Magazine’s Compliance Matters and CUNA’s e-Guide to Federal Laws and Regulations. Although these are her major responsibilities, Valerie also helps support CUNA’s compliance certification program RegTraC, monitors CUNA’s compliance e-mail list “COBWEB,” and answers compliance questions via telephone and e-mail. Before joining CUNA in 1997, Valerie was a regulatory specialist with the Michigan Credit Union League.

Nichole Seabron
Nichole is federal compliance counsel for CUNA Regulatory Affairs in the Washington, DC office. In this position Nichole is responsible for maintaining CUNA’s e-Guide to Federal Laws and Regulations and responding to credit union compliance inquiries. She is responsible for editing and contributing to CUNA’s monthly Compliance Challenge, the online compliance newsletter presented in a Q&A format. Prior to joining CUNA in 2005, she was a corporate compliance officer/AVP with Bank of America Private Bank. Nichole has close to 10 years of financial services experience (including three years with Navy Federal Credit Union) in areas such as asset management, bankcard, and retail banking.

Mike McLain, CUNA Assistant General Counsel

How many people from my credit union can call in?
Each registration provides call access for one phone line or person. While the audio conference can be listened to by several people at once (in a conference room, for example), the registered individual is the only person who will receive transcript credit for attending.

CANCELLATIONS

Cancellation and refund requests must be in writing (or faxed to 608-231-4327) and are subject to a $30 service charge for the audio conference if cancelled seven days prior. No refunds will be granted if your cancellation is received seven days or less before the audio begins. Substitutions are accepted anytime before the audio conference starts.