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Attendees during Day 2 of NAFCU's Regulatory Compliance School learned about federal rules on electronic transfers (Regulations E) and funds availability (Reg CC), NCUA's lending rules and requirements under the Fair Credit Reporting Act.

Credit union compliance staff and others from around the country are in Arlington, Va., this week to earn or refresh their NAFCU Certified Compliance Officer certifications or simply get the latest on credit unions' compliance responsibilities. The first day of the conference provided an overview of the Federal Credit Union Act and the regulatory agencies NCUA and CFPB, as well as the impact of the Dodd-Frank Act on the credit union industry.

Yesterday, the conference agenda included:

• presentations on Regs E and CC from John Harwell, NCCO and associate vice president of risk management at Apple Federal Credit Union, in Fairfax, Va.;
• a discussion of Uniform Commercial Codes 3 and 4 with Mitchell Klein, NCCO and chief risk officer at Citadel Federal Credit Union, in Exton, Pa.;
• presentation on the Truth in Savings Act from Rusty Vellek, NCCO and compliance officer at Transportation Federal Credit Union, in Alexandria, Va.;
• a talk on NCUA lending regulations, including rules on member business lending, from Devon Lyon, NCCO and manager of compliance and Bank Secrecy Act at State Department Federal Credit Union, in Arlington, Va.; and
• a talk about the Fair Credit Reporting Act from Marshall Bell, counsel at BuckleySandler LLP.

Today, the program will focus on Regulations B and Z, special mortgage rules, and the Real Estate Settlement Procedures Act.

The Regulatory Compliance School, open to NAFCU members and nonmembers, runs through Friday at the Crystal Gateway Marriott.

Attendees at the Regulatory Compliance School gather for a presentation.