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Connecticut league launches small CU support program
MERIDEN, Conn. (12/8/08)--The Credit Union League of Connecticut’s Small Credit Union Support program was launched Wednesday with its first educational session for small credit unions.
Jay Friedland of M&M Consulting addresses regulatory issues raised by a credit union manager during the Credit Union League of Connecticut’s Small Credit Union Support Program educational session on Red Flag Identity Theft compliance. (Photo provided by the Credit Union League of Connecticut)
Jay Friedland, compliance professional for M&M Consulting, a league strategic partner specializing in compliance, audit and commercial loan review and risk management services, presented a two-part session on Identity Theft Red Flag guidelines to management groups representing 31 small credit unions throughout the state. The morning session focused on M&M’s Identity Theft Compliance Management Program, featuring regulatory issues, variances, approaches and potential consequences for noncompliance, and also methods and procedure for abidance. The interactive afternoon session provided a sampling of model situations during which Friedland addressed specific issues raised by attendees. The league’s program is part of a Strategic Process it launched in 2008 and is designed to provide smaller credit unions with free, appropriate information and regulatory compliance guidance.


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