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The 1 2010




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 2009 AUDIO CONFERENCES

Requirements of the New Credit CARD Act

This audio was offered live on
June 18, 2009

Access this archived audio
please read Archive audio Overview below before accessing

Originally held on June 18, 2009
Available until December 18, 2009
Tuition: $89 for the archive audio (live audio not included)


The new Credit CARD Act was just signed into law. Is your credit union ready? Discover next steps including working with agencies to formulate rules outlining how the requirements of the Act must be complied with. During this call, Jeff Bloch, CUNA's senior assistant general counsel and Mike McLain, CUNA's assistant general counsel and senior compliance counsel will provide an overview of the requirements and how those match the NCUA UDAP and the Federal Reserve's Regulation Z. Plus, Mike Long, chief credit officer at UW Credit Union in Madison Wisconsin and chair of the CUNA Lending Council Regulatory Committee will talk about the potential impact of these new rules on credit union operations.

Since we're still waiting for final rules, this will provide you an opportunity to ask your questions and to provide your concerns allowing CUNA to work with the agencies as the rule making process moves forward. This event is in conjunction with CUNA Lending Council.

Through this audio conference you will:
  • Examine the different effective dates and restrictions on increasing the annual percentage rate
  • Identify the limits placed on fees that can be charged and procedures that must be followed when changes are made in the interest rate
  • Hear a discussion of the other restrictions such as due dates, late payment fees, minimum payment disclosures, and gift cards
  • Explore the new restrictions on credit cards offered to students
  • Get a practical look at implementing these new rules from a credit union practitioner


WHO SHOULD ATTEND
This audio conference will be beneficial for anyone involved in the lending area at your credit union as well as CEOs, compliance professionals, and directors.

ARCHIVE OVERVIEW
CUNA archived events enable staff to pick up new skills and keep up with daily responsibilities. Hearing the archived audio conference will enable you to hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. The archived event is made available within 48 hours of the live event. Please note: The same username and password you use to register will be used to access your archived event.

INSTRUCTORS
Michael McLain
Michael is assistant general counsel and senior compliance counsel at CUNA in Madison, Wisconsin. He works with CUNA Center for Professional Development to ensure its products and services are in compliance with and accurately portray federal regulations affecting credit unions. He also answers compliance questions from state credit union leagues and credit unions. Mike is also a regular contributor of compliance related articles to CU Magazine. Prior to joining CUNA's legal department, McLain served for approximately 10 years as vice president and corporate counsel to a $300 million credit union in northeast Ohio and for nearly two years as vice president and corporate counsel to a $500 million credit union in central Pennsylvania.



Mike Long
Mike is the chief credit officer at UW Credit Union in Madison, Wisconsin and chair of the CUNA Lending Council Regulatory Committee.



Jeff Bloch
Jeff is a senior assistant general counsel for the Credit Union National Association. He represents credit union interests before the National Credit Union Administration, the Federal Reserve Board, and other federal agencies. Jeff also provides analyses on the impact of new and proposed rules that affect credit union operations and writes frequently for credit union publications.

Prior to joining CUNA's Washington office in 1999, Jeff was a senior attorney at the Federal Deposit Insurance Corporation. At the FDIC, he followed and analyzed federal legislation on issues affecting the banking industry, including bankruptcy and financial modernization. He also drafted documents and managed litigation on issues surrounding the failure of banks and thrifts and analyzed issues regarding the conversion of thrifts from mutual to stock form.




Steve Salzer
Steve is the chief strategic, compliance, and legal officer for PSCU Financial Services.




Affiliation with CUNA/League is required for attendance.

For more program content information, call 800-356-9655, ext. 4249 or e-mail training@cuna.coop. For registration questions, call 800-356-9655, ext.4400 or e-mail reginfo@cuna.coop.

CANCELLATIONS
The last day for cancellations was June 10, 2009. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.


100% Guarantee
CUNA Center for Professional Development is committed to providing a quality learning experience with cutting-edge topics and expert instructors. If for some reason you are not fully satisfied, contact us and we’ll provide you a full tuition refund or credit.

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