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NAFCU 2010 Regulatory
Compliance Seminar

October 12-15, 2010
Gaylord Texan
Grapevine, TX

This program has SOLD OUT. To register for the wait list, please contact NAFCU's Member Services at 1-800-344-5580

NAFCU non-members welcome! 

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Survive the Changing Rules, Regs and Guidelines

This is the industry event of the year for credit union compliance professionals! Join us near Dallas in Grapevine, Texas, and get the latest compliance and regulatory updates concerning all of the newest legislation affecting your credit union. With more peer-to-peer learning opportunities and numerous discussion breaks and open forums with the compliance experts, you’ll be sure to get the most out of your learning experience at this year’s seminar. Explore these compliance topics and more!

• Regulatory Reform
• Credit CARD Act
• RESPA Reform
• Regulation CC
• ACH Rules
• Closed-End Mortgages and HELOCS
• SAFE Act
• Bank Secrecy and Anti-Money Laundering Acts
• Flood Compliance
• Disaster Recovery

As always, NCCOs looking to recertify for their prestigious designation can attend the Full Compliance Seminar Program to earn enough credits for full recertification, good for the next two years. Come ready to understand the three R’s of compliance: rules, regulations and requirements!

Full Compliance Program provides the full 24 credits needed for NCCO recertification. This program runs Tuesday morning through Friday Noon.

Basic Compliance Program provides 18 credits towards an NCCO recertification. This program runs Wednesday morning through Friday Noon.

On-site registration begins Tuesday morning, one hour prior to the opening session.

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Agenda At-A-Glance

Registration and breakfast begin at 7:30 a.m. every day. Program begins at 8:30 a.m. and ends by 5:00 p.m. Tuesday, Wednesday and Thursday. On Friday the program begins at 8:15 a.m. and ends at 12:30 p.m. 

Tuesday, October 12 - Full Program Begins

• NCUA Day - 8:30 a.m. - 4:45 p.m.
• NCUA State of the Union 
• An Overview of the New Office of Corporate Credit Unions
• Inside the Office of General Counsel
• Your Rights to Questioning Your Examination
• NCUA Hot Topics Panel

Wednesday, October 13 - Basic Program Begins

• Navigating the New Terms of Regulation CC

• RESPA Reform Recap

• The ABC's of SEC's: Navigating the ACH Alphabet Soup

• Closed End Mortgage and HELOC Changes

• SAFE Act Registration

• Shotgun Compliance - Hot Topics of the Day

Thursday, October 14

• Stemming the Tide of Flood Compliance Issues
• Disaster Recovery Chess: Knowing How the Pieces Move and Winning the Game
• Credit CARD Act Is In Effect: How Is It Going?
• Compliance Challenges in a Changing Environment
• Shotgun Compliance - Hot Topics of the Day

Friday, October 15

• Shotgun Compliance - Hot Topics of the Day
• Technology Compliance Hot Buttons
• Member Business Lending - Compliance Point-of-View
• Warning: This is Not Your Average, Introductory BSA/AML Session!

Adjournment at 12:30 p.m.

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Session Descriptions

Opening and Welcome

Anthony Demangone, Esq., NCCO, Senior Compliance Counsel and Director of Regulatory Compliance, NAFCU

A Day with NCUA- Tuesday, October 12

The entire day will be spent with staff members and examiners from the National Credit Union Administration (NCUA) and will include the hottest topics at NCUA, such as credit union regulatory reform. NCUA staff will provide an overview of the current state of credit union regulation and an inside look at the Office of General Counsel. In the afternoon, you will participate in an NCUA Panel that will discuss topics such as member business lending, loan participations, SAFE Act, short term/small dollar loans, corporate credit unions and fiduciary duties.

NCUA Presenters include: Pamela Yu, Staff Attorney; Paul Peterson, Director, Applications Section; Frank Kressman, Staff Attorney; Scott Hunt, Director, Office of Corporate Credit Unions; and Jeff Steele, Associate Regional Director for Operations;

Navigating the New Terms of Regulation CC

This session will focus on the recent changes to Regulation CC, which consolidated all check clearing activities into one processing region, thus eliminating the “non local” check. With the standard check hold now 2 days, for most checks, credit unions must examine all options available to increase check holds, and when possible, to limit the number of returned checks and subsequent losses, because funds have to be made available to members sooner.

Policies and procedures including classifying accounts as non-transactional and utilizing the six recognized Reg CC exceptions, as well as awareness of other permitted extended holds not affected by the consolidation, will all help credit unions protect themselves, while still staying within the bounds of the law.

Presented by Mitchell B. Klein, Esq., NCCO, Senior Vice President and General Counsel, Police & Fire Federal Credit Union

RESPA Reform Recap

Congress has charged the Department of Housing and Urban Development with the responsibility of enforcing the Real Estate Settlement Procedures Act (RESPA). HUD wrote Regulation X, which defines precisely what industry players must do to comply with the RESPA statute. The implications of Regulation X are far-reaching throughout the lending process. Virtually everyone who works in loan production or mortgage servicing, and everyone who has ever purchased a one-to-four family residential home in the United States, is affected by Regulation X.

In this presentation, we will look at the basic purpose and highlights of the RESPA statute and Regulation X and their implications for credit unions in the mortgage industry. We will highlight recent changes to the GFE and HUD-1 and discuss compliance issues and concerns that are still arising.

Presented by Suzanne Garwood, Attorney, Venable, LLP

The ABC’s of SEC’s: Navigating the ACH Alphabet Soup

This highly interactive session will focus on the newer standard entry class codes such as IAT and BOC. You will also get a simplified preview of the newly minted ACH Rules, some facts and fallacies about use of the ACH network, insights into the future of ACH and compliance tips for surviving and thriving in the ever evolving electronic payment system.
Presented by Dennis Simmons, President & CEO, SWACHA – The Electronic Payments Resource

Closed-End Mortgage and HELOC Changes

The Federal Reserve Board is poised to radically modify the substantive and procedural rules governing residential mortgage lending, and the industry anticipates the new rules will be issued in the fourth quarter of this year.

This panel will examine the likely form of the regulations to be finalized, as well as focus on the impact those rules will have on credit unions– including application, origination and servicing considerations.

Moderated by Joe Lynyak, Financial Services Partner, Venable, LLC

SAFE Act Registration

The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires the joint Agencies (including NCUA) to develop and maintain a Federal registration system for individual employees of agency regulated institutions who engage in the business of residential mortgage loan origination. The statute requires individual mortgage loan originators to register with the (Nationwide Mortgage Licensing System and Registry), a database established by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators to support the licensing of mortgage loan originators by the states. The SAFE Act sets forth requirements for both the employing credit union and the mortgage loan originator. This program will provide credit unions with critical information to be in compliance with the SAFE Act and provide you with the tools to get you there! 

Presented by Linda Landis, NCCO, CUCE, CUDE Compliance Officer, Kinecta Federal Credit Union

Shotgun Compliance – Hot Topics of the Day

NAFCU’s compliance team will walk attendees through the ever-expanding number of compliance issues faced by credit unions today. This fast-paced training session will bring you up-to-speed, and it will highlight resources and tips that will help you when you roll up your sleeves to tackle the latest compliance issues.

Presented by Anthony W. Demangone, Esq., NCCO, Senior Compliance Counsel and Director of Regulatory Compliance, NAFCU & NAFCU Compliance Team              

Stemming the Tide of Flood Compliance Issues

This presentation will provide insight into credit unions’ compliance obligations under the federal flood regulations with a focus on changing requirements under recently revised regulatory guidance. You will learn about the regulators’ “Questions and Answers Regarding Flood Insurance,” challenges related to resolving flood determination discrepancies, and NFIP reform and how it impacts credit unions and their members. Opportunities for asking questions will be provided to allow you to bring your compliance issues to the table.

Presented by Scott Giberson, CFM, Compliance Manager, CoreLogic Flood Services

Disaster Recovery Chess: Knowing How the Pieces Move and Winning the Game

CorePlus asked one simple question: “How do we get credentials so we can gain early access to our branches for emergency assessment?” We soon found that credentialing and gaining access were just the tip of the iceberg. We were one small piece on a huge game board of disaster recovery chess. Chess is a game of strategy and survival. It allows for a certain level of loss and threat but to really know how to play you have to understand how each piece in the game moves when in play. Effective disaster recovery planning requires the same level of knowledge concerning all of the pieces in the game.

Whether the credit union calls it business continuity, disaster recovery, business resiliency, or any of the other popular titles currently in vogue, if your plan doesn’t mesh with your community, regional and state plans, it won’t be as effective as it needs to be. This presentation will get any credit union started, so when they need to, they can effectively play to win.
Presented by Ray Hasson, NCCO, Compliance Manager, CorePlus Federal Credit Union

Credit CARD Act Is In Effect:  How Is It Going?
The Credit CARD Act of 2009 brought the credit union industry rate increases, and with it, the right to reject changes. This presentation will cover how credit unions are being affected by this new legislation, how they are dealing with minimum payment disclosures, underage consumers, reasonable and proportional penalty fees, gift card provisions, and more!
Presented by Roberta Torian, Counsel, Reed Smith

Compliance Challenges in a Changing Environment

This expert panel discussion will discuss three common compliance challenges: vendor management; the shift from open-end lending to closed-end lending; and avoiding surprises during NCUA examinations.

Panelists include Faith Lleva Anderson, Vice President & General Counsel, American Airlines Federal Credit Union; and   Kumar Muthukuma, Analyst-Vendor Relationships, American Airlines Federal Credit Union; and Eugenia Guajardo, Compliance Manager & BSA Officer, American Airlines Federal Credit Union

Technology Compliance Hot Buttons

There’s no shortage of “hot buttons” in the technology space. For example, regulators want at least six kinds of IT risk assessments. Can you name them? Have you done them? And just what does “enterprise-wide” really mean?

Risk assessments chart multiple paths that management must follow and regulators will be evaluating.  Is our disaster recovery plan sufficient?  Must we implement multi-factor authentication? Is our members’ non-public information secured against disclosure? ACH origination presents opportunities and challenges that must be identified and risk assessed.

In this session, participants will learn these technology trends, requirements and more!

Presented by Jay Bowman, Director, Accume Partners

Member Business Lending— Compliance Point-of-View

Member business lending is nothing like making a consumer loan to an individual. The path to a successful business loan program can be fraught with perils that can be very costly if you are not paying attention. This session will discuss member business lending from the loan origination and internal compliance officers’ perspective, NCUA’s regulations and the challenges facing a business-lending program. The presenters will also discuss various policies and best practices as they pertain to originating, monitoring and classifying loans.

Presented by Mark Sekula, Senior Vice President, Business Services; and Drew Schmid, Senior Vice President, Audit Services, Randolph Brooks Federal Credit Union

Warning: This is Not Your Average, Introductory BSA/AML Session!

This presentation will cover the latest compliance issues with the Bank Secrecy Act (BSA) and Anti-Money Laundering Act (AML). Topics to be covered will include: the 2010 Federal Financial Institutions Examination Council (FFIEC) Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Examination Manual; combining fraud and BSA/AML departments at your credit union; and fraud and money laundering with mortgages.   After this session, you will have a better understanding of the current state of your BSA/AML program and be better prepared to fulfill your credit union’s obligation to your membership.

Presented by Emily J. Borowski, Assistant Vice President - Risk & Compliance, Notre Dame Federal Credit Union

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Industry Leading Speakers

Faith Lleva Anderson, Vice President & General Counsel, American Airlines Federal Credit Union, oversees legal, compliance, government relations and vendor management.  Currently she serves as Chair the American Bar Association’s Committee on Credit Unions, and sits on CUNA’s Consumer Protection Subcommittee. Past posts include the Federal Reserve Board’s Consumer Advisory Council (CAC) and she also chaired the CAC’s Depository & Delivery Systems Committee as the sole credit union representative. She is a co-host of the monthly podcast, www.ciicu.com and was a former Chapter 7 bankruptcy trustee. Faith holds a law degree from Marquette University and a bachelor’s of business administration degree from the University of Wisconsin. 

Emily Borowski is the Assistant Vice President of Risk and Compliance for Notre Dame Federal Credit Union.  The $441 million credit union is located on the University of Notre Dame campus near South Bend, Indiana and serves nearly 62,000 members.  Ms. Borowski participated in the development of the credit union’s AML program and oversees the day-to-day efforts in this area.  She has over 17 years of experience in the financial services industry; twelve with credit unions.  She earned her M.B.A. from Bethel College and her B.A. from Michigan State University.

Jay Bowman serves as Director at Accume Partners, a leading provider of internal audit and business advisory services to financial institutions.  Mr. Bowman served over 25 years with the Federal Reserve Banks of Philadelphia and Atlanta, where he co-authored the Fed’s Information Security Manual and held senior official positions over information technology, customer service and wholesale payments.  He is also a Certified Information Systems Manager (CISM) and Certified Information Systems Auditor (CISA).  He recently completed service as chair of the supervisory committee of $1.4 billion Pennsylvania credit union, where he remains a volunteer.

Anthony Demangone is Director of Regulatory Compliance at NAFCU. Before joining NAFCU, Mr. Demangone’s practice focused on helping clients comply with federal and state regulations in the areas of Occupational Safety and Health, Employment Law, Environmental Law, and alcoholic beverage law. He is a graduate of the George Mason University School of Law and the Pennsylvania State University. He is a member of the Virginia Bar. Most importantly, Mr. Demangone is a member of Wright Patman Congressional Federal Credit Union, where he spent five years working as part of its Member Services Department.

Suzanne Garwood, attorney for Venable, LLP, focuses her practice on state and federal law relating to consumer credit and financial services. She has a strong background in the area of consumer credit, and in particular with issues related to mortgage lending. Ms. Garwood is experienced in issues related to credit unions. Prior to entering private practice, Ms. Garwood worked for the National Association of Federal Credit Unions as the primary liaison to the National Credit Union Administration and other federal banking agencies and industry participants. While at NAFCU, Ms. Garwood presented and championed credit union issues before the ABA at annual and spring meetings, NAFCU's membership, credit union CEOs and other industry participants.

Scott Giberson, CFM, is a compliance manager with CoreLogic Flood Services (formerly known as First American Flood Data Services) and serves on the legislative affairs committee of the industry’s association, the National Flood Determination Association.  He has over 10 years experience in the flood determination industry and in the area of flood compliance, and he has been a Certified Floodplain Manager since 2000.  Scott has presented on topics such as flood determination challenges and compliance issues.  Scott earned his Bachelor of Arts degree with honors in sociology from the University of Texas at Austin.

Ray Hasson, NCCO, joined CorePlus Federal Credit Union in July, 2001 as compliance manager. Ray is a Master Trainer Specialist, a member of the American Society of Training and Development (ASTD) and has implemented an extensive staff training program at CorePlus focused on compliance, team building and recently introduced Lean Six Sigma practices to the credit union.

Mitch Klein, Esq., NCCO, is senior vice president and general counsel of the Police and Fire Federal Credit Union in  Philadelphia, PA. He has been with the credit union since 1989. Mr. Klein's main areas of focus are implementing and monitoring the credit union's regulatory compliance program, bankruptcies, mortgage lending, and drafting loan and member agreements. Mr. Klein is also responsible for the credit union's Human Resources and Collection Departments. Prior to joining the credit union, Mr. Klein practiced law at the firm of Adelman Lavine Gold & Levin in Philadelphia, specializing in creditors' rights. Mr. Klein holds a bachelor of arts from the University of Pennsylvania and a Juris Doctorate degree from the Dickinson School of Law.

Linda Landis is the Compliance Officer for Kinecta FCU. She developed, implemented and actively manages their compliance program. Linda regularly presents programs for the California Credit Union League on compliance related topics for credit unions. Prior to joining Kinecta, Linda worked for the California Credit Union League in their Education and Training Department and Research and Information Department. Linda holds her BS in Organizational Development and MS in Leadership and Management.

Joseph T. Lynyak III is a Financial Services partner in Venable's Los Angeles office. Focusing his practice on the regulation and operation of financial service intermediaries, he provides counsel on strategic planning, application and licensing, legislative strategy, commercial and consumer lending, examination, supervision and enforcement and general corporate matters. Mr. Lynyak's representative clients include foreign and domestic banks, savings associations, holding companies and mortgage banking companies. Nationally recognized as a leading attorney in the fair lending arena, he regularly defends class action lawsuits filed against financial intermediaries.

Kumar Muthukumar,   Analyst-Vendor Relationships at American Airlines Federal Credit Union joined the Credit Union in 2000 as a mortgage loan officer and accepted his current position in the Legal Department in 2007. He has developed a centralized vendor management program for the Credit Union to measure, monitor, and control risks associated with outsourcing and is in the process of developing a web based application. Kumar holds an engineering degree from Calicut University (India). He is also a proud Credit Union Development Educator since 2006.

Eugenia Guajardo, Compliance Manager & BSA Officer, joined American Airlines Federal Credit Union in 1996 in the Member Contact Center and quickly worked her way up to a managerial position.  She joined the Legal & Compliance department in 2001.  She currently oversees compliance, BSA and HR investigations.  She participates in various compliance initiatives at the Credit Union and works closely with internal/external audit, NCUA examiners and compliance consultants.  Eugenia has a paralegal certificate from the University of Texas - Arlington and is currently working on obtaining a Criminal Justice bachelor’s degree.

Drew Schmid is the Senior Vice President of Audit Services for Randolph-Brooks Federal Credit Union with assets approaching $3.8 billion. He is a CPA and NCCO.  His global responsibilities include risk mitigation, information security and compliance.  In addition to his current position, his background includes over 20 years in the financial institution industry serving in positions with the OCC, Texas State Banking Department, public accounting, and chief financial officer.  Drew has over 10 years of commercial loan review experience.

Mark Sekula has 21 years of Lending experience covering Credit Cards, Mortgage, Commercial and Indirect Lending. He is currently the Sr. Vice President of Business Services at Randolph-Brooks Federal Credit Union with assets approaching $3.8 billion. Mark and his team currently manage a $130 million commercial portfolio that includes SBA lending. Randolph Brooks was recognized in 2009 as the SBA Credit Union Lender of the Year and ranked 4^th nationally in the SBA Patriot Express Loan program. Prior to coming to Randolph, Mark was the SVP of Lending at Security Service Federal Credit Union and Dealer Account Manager at Ford Motor Credit Company.

Dennis Simmons is President and CEO of SWACHA – The Electronic Payments Resource®, the third largest regional payments association in the country. He is a former member of the Board of Directors of the National Automated Clearing House Association (NACHA), the Chair of NACHA’s Government Relations Committee, past Chair of NACHA’s Electronic Check Council and past Co-Chair of NACHA’s Risk Management Advisory Group. He is also a member of the board of directors of the newly-formed Secure Remote Payments Council. Dennis is a member of the Advisory Council and faculty of the Bank Operations Institute at Southern Methodist University, the faculty of the Southwestern Graduate School of Banking, the Executive Education Advisory Council of the University of Texas - Dallas and a former member of the Board of Regents and faculty of the Payments Institute. In addition to his service at SWACHA, Dennis has over 20 years experience as the senior operations officer of several Dallas area banks.  He holds a bachelor’s degree in business administration from Oklahoma State University.

Roberta Torian, Counsel, joined Reed Smith in 2009. Roberta is one of the most experienced bank regulatory and consumer compliance lawyers in the country, having many years of in-house service at PNC, Mellon and Advanta. Her practice focuses on banking law specialties such as OFAC/Bank Secrecy; FACT ACT/Privacy: Electronic Banking; Credit Card law, fair lending, deposit account products, bank mergers and acquisitions and much more. Roberta is currently supporting Reed Smith’s financial services litigators with substantive banking law analysis.

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Accommodations & Travel

Gaylord Texan
1501 Gaylord Trail
Grapevine, TX  76051

Brimming with authentic Texas style and hospitality, the awe-inspiring Gaylord Texan Hotel and Convention Center invites you to experience the energy and excitement of the Lone Star State. Overlooking beautiful Lake Grapevine, Gaylord Texan is just six minutes from the Dallas-Fort Worth International Airport.

You'll be amazed at the four and a half acres of indoor gardens and winding waterways, unique shopping experiences, and a 25,000-square-foot day spa and fitness center. Every hotel room features high-speed wireless Internet access and the ability to charge your laptop in the in-room safe while you're away.

Make your hotel reservations through NAFCU’s
online registration system to receive the negotiated
hotel room rate!

Room Reservation Deadline:
Monday, September 20, 2010*

Room Rates:

Single/Double Room- $168/per night plus tax**+

*Rooms reserved after the deadline will be confirmed subject to availability.

**Federally chartered credit unions are exempt from tax, if payment is made by the credit union’s official check or credit card and you must present a tax-exempt form upon arrival.

+Hotel requires one night's deposit via check or guaranteed by a major credit card. Hotel will charge an attendee's credit card for one night's stay prior to arrival.

The closest airport is Dallas Fort Worth International Airport (DFW)

Driving Directions from the Airport:
Take the north exit out of the airport towards highways 635/121. Continue north on 121 and take the Bass Pro exit. Turn left onto Bass Pro. Go Straight past Embassy Suites (on your right) at the light go left on Hwy. 26 West. Continue through the stop light on Fairway Drive. Turn right into the hotel entrance on Gaylord Trail.

Ground transportation information is offered  here.

Discounted Airfare

NAFCU has partnered with American Airlines to provide attendees a 5% discount for NAFCU Regulatory Compliance Seminar. You can easily access American’s fares and apply this discount by going to www.aa.com to book your flight. Place the Authorization Code 57H0AX (5-7-H-ZERO-A-X) in the promotion code box and your discount will be calculated automatically. This special discount is valid off any applicable published fares listed for American Airlines, American Eagle, and American Connection. You may also call 1-800-433-1790 to book your flights, please refer to NAFCU’s Authorization Number when you call. Please note there is a reservation service charge for all tickets issued by phone.

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Discounted Car Rental

Special discounted rates are available for all NAFCU members through AVIS and Budget rental car companies. For AVIS, please call (800) 331-1600 and specify the NAFCU code B469299. For Budget, please call (800) 772-3773 and specify the NAFCU code Y305099.

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Registration -

This program is SOLD OUT. To register for the wait list, please contact NAFCU's Member Services at 1-800-344-5580

Registration Fees

For Credit Union Suppliers/Vendors: Exhibit & Sponsorships Opportunities

Register for the Wait List Today!

Call NAFCU’s Member Service Center at 800-344-5580 to register for the wait list.

NAFCU reserves the right to change dates, cities, venues or speakers should circumstances warrant. NAFCU’s members will be apprised of any such changes.

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