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CU System
Coopera offers Reg E Spanish opt-in forms
DES MOINES, Iowa (7/16/10)--Coopera Consulting, a strategic partner of the Credit Union National Association (CUNA), is offering a package of Spanish Reg E opt-in forms to help credit unions reach their Spanish-speaking members. Under Regulation E, credit union members must opt-in for overdraft protection by Aug. 15. Coopera’s package includes the English and Spanish version of the opt-in form, the English and Spanish version of a member letter about the opt-in update, and a member opt-in confirmation notice in English and Spanish. All Spanish versions of the documents have compliance-reviewed language that states that the English version prevails for legal purposes. All documents are provided in a customizable Word format. Regulation E states that credit unions must get their members’ consent before enrolling them into overdraft protection services. “This turnkey solution will help credit unions reach out to their Spanish-speaking members to ensure they understand this change,” said Warren Morrow, CEO of Coopera Consulting. “It will save them money versus having to translate these forms and obtaining a legal review themselves.” For more information, use the link.
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