Webcast: Wednesday, May 6, 2009
2:00 p.m. - 3:30 p.m. EST; Available until November 6, 2009

Join us for this must-attend webcast and learn about the five new Unfair or Deceptive Acts or Practices rules adopted on December 18, 2008.  You'll learn about the following rule changes that you'll need to be in compliance with by July 1, 2010.

• Limited repricing of credit card accounts;
• A changing in the way credit card issuers allocate payments;
• New requirements for credit card statements to be mailed 21 days before the due date;
• The prohibition of so-called double-cycle billing; and
• A limit to fees and deposits that can be charged to credit card accounts in the first year.

Additionally, the Federal Reserve Board adopted sweeping changes to its Regulation Z on credit card disclosures and advertising. Together, these changes are the most comprehensive regulatory changes ever adopted for credit cards. Your credit union will have to revise virtually all of your account documentation and rethink your pricing and business models. This program will focus on the new rules and how it will impact your credit union.

Speaker:
Oliver Ireland
Partner, Morrison & Foerster

Oliver Ireland is a Partner in the Financial Services Practice Group in Morrison & Foerster's Washington D.C. office. Mr. Ireland's practice focuses primarily on retail financial services including electronic commerce, compliance with Federal Reserve regulations, including Regulations Z and E, compliance with the Gramm-Leach-Bliley Act privacy provisions, the Fair Credit Reporting Act, E-SIGN, the U.S.A. PATRIOT Act and telemarketing rules. His practice also includes all types of payment transactions, including compliance with NACHA rules, bank regulatory issues and other aspects of financial markets such as margin lending.

Prior to joining the firm, Mr. Ireland served as Associate General Counsel of the Board of Governors of the Federal Reserve System, Vice President and Associate General Counsel of the Federal Reserve Bank of Chicago, and Attorney, the Federal Reserve Bank of Boston.

Mr. Ireland has been named one of Washington’s top banking and privacy lawyers by the Washingtonian magazine (2004) and he is listed in The Best Lawyers in America (2006 – 2009) and Washington DC Super Lawyers (2008) as a leader in the field of banking law. He was named a leading lawyer in financial services law in the Chambers USA Guide to America's Leading Business Lawyers put out by Chamber & Partners Publishing (2006-2008).

Broadcast live from NAFCU's Headquarters in Arlington, VA.

Who Should Participate:

NCCOs will receive 1.5 continuing education units for participation.

Archived webcasts are available for up to 6 months after the live broadcast and are included in the registration fee.

Note: A $50 fee applies to all cancellations. Registrations must be cancelled by
May 4, 2009.