FACTA - What's New for 2010?
For additional training on compliance issues register for the CUNA Regulatory Compliance eSchool: Update which starts September 1, 2010.
Attend this eSchool live on September 1, 2010 Attend this webinar live on September 15, 2010 Access this archived webinar please read Archive Webinar Overview below before accessing
Access available September 15, 2010March 15, 2011
Tuition: $219 for the archive webinar (live webinar not included)
ABOUT THIS ARCHIVE WEBINARWhat's new with FACTA? Lots! We've been waiting patiently since 2003 for all of the FACT Act rules to become FINAL and as of December 2009 the wait is over. The Risk Based Pricing final rules were released by the Federal Reserve Board and the FTC in a 202 page document that implements Section 311 of the FACT Act.
TOPICS & OBJECTIVES
FACTA - What's New for 2010?
- Review when to give the risk-based pricing notice for loans that are granted or extended based on a consumer report with "material terms" that are "materially less favorable"
- Learn the definitions for "material terms" and "materially less favorable" and explore two alternative methods that can be used to determine when "material terms" are "materially less favorable"
- Discover alternatives to providing the risk-based pricing notice as well as five model forms
WHO SHOULD ATTEND This webinar will be beneficial for compliance staff, management, and anyone at your credit union needing this detailed compliance information — management, CEO, directors, mortgage lending staff, consumer lending staff and operations staff.
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.
INSTRUCTORS
Woody Hodgdon, CUCE, BSACS
Woody is the founder of W & D Adventures, LLC and Regulations A-Z & More. He has been a national compliance presenter for more than 17 years and recently retired from Addison Avenue Federal Credit Union after 28 years. Woody was most recently the national compliance manager at Addison Avenue and was located in their Loveland, Colorado branch. He spent three years as an agent for CUNA Mutual in northern Colorado prior to starting his management career with credit unions. Woody has been involved in credit union management, operations, marketing and compliance issues for more than 30 years and has also held jobs as interim credit union manager, vice president of operations, branch manager, marketing manager, collection & compliance manager and senior loan officer.
ARCHIVE WEBINAR OVERVIEW Archived CUNA Webinars enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived webinar will enable you to see and hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. If you have a computer projection screen, it's easy to provide this training to a whole roomful of staff!
Use our 90- to 120-minute archived webinars as part of a full day of training by gaining knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.
A single session archived webinar will be made available usually within 48 hours of the live event and a two session archived webinar will be made available within 48 hours of the conclusion of the second session. By registering for this archived webinar, you will receive unlimited access until the end date listed above. No access to this archived webinar is provided after the end date listed above.
CANCELLATIONS
Cancellations received in writing (via fax 608-231-4327) before September 15, 2010 are eligible for a refund of the amount paid minus a $50 administrative fee. No refunds will be granted for cancellation requests received on or after September 15, 2010 or for registrations received on or after September 15, 2010. Substitutions are accepted anytime prior to September 15, 2010 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.
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