NCCOs will receive 1.5 continuing education units for participation.

On May 22, 2009, President Obama signed the Credit CARD Act of 2009 into law.
The Act significantly shortens the compliance time frame and substantially increases
the requirements of rules previously issued by the Federal Reserve Board and other agencies. Together this legislation and implementing rules issued by the Federal Reserve Board on Regulation Z will have a sweeping impact on the payment card industry.

This Credit CARD Act will impact:

• Limitations on credit card fees;
• How payments are applied to credit card balances;
• How much time cardholders are given to pay their bills;
• Who can receive a solicitation for a credit card;
• Limitations on gift cards and other prepaid cards; and
• When and how a card company can raise an individual’s interest rate, fees and finance charge;

Speakers:
Obrea O. Poindexter
Of Counsel, Morrison & Foerster LLP, Washington DC Office

Oliver Ireland
Partner, Morrison & Foerster’s Washington, D.C. office

Ms. Poindexter’s practice focuses on financial services law. Her practice includes advising clients on: financial privacy issues relating to the Gramm-Leach-Bliley Act and the Fair Credit Reporting Act; consumer lending issues under the Truth in Lending Act and the Equal Credit Opportunity Act; electronic banking and payment system issues under the Electronic Funds Transfer Act (Regulation E) and the E-SIGN Act and other issues, including Internet taxation, bankruptcy reform and Internet gambling. Prior to joining Morrison & Foerster, Ms. Poindexter was a staff attorney for five years at the Board of Governors of the Federal Reserve System in the Division of Consumer and Community Affairs, where she focused on issues relating to electronic banking, privacy, and consumer lending and leasing.

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. 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.

Moderator:
Anthony Demangone, Esq., NCCO
Director of Regulatory Compliance, NAFCU

Who Should Participate:

         Archived webcasts are available for up to 6 months after the live broadcast and are included in the registration fee. If you are unable to participate in the live webcast, purchase the archived version before the early registration deadline and save $100!

Note: A $50 fee applies to all cancellations. Registrations must be cancelled by
July 13, 2009.

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