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CUNA Mutual to host Reg Z seminars in March
MADISON, Wis. (2/1/10)--CUNA Mutual Group is hosting two national seminars to help credit unions meet the deadline for Regulation Z and continue to offer multi-featured open-end lending. The seminars are March 15 in Orlando, Fla., and March 19 in Las Vegas. The seminars will provide information regarding the changes, specific tasks associated with achieving compliance and peer-to-peer interactions. Credit unions use multi-featured open-end lending is used by credit unions to establish long-term borrowing relationships with their members. The affirmation of this “sign once, borrow for life” process ensures credit unions’ ability to provide lending convenience to their members, said CUNA Mutual. The Federal Reserve Board published new rules in January 2009, regarding non-home secured open-end lending. The rules will require many credit unions offering multi-featured open-end lending plans to change how they manage their plans. The new rules take effect July 1. Credit unions can register for either seminar through CUNA Mutual’s website.
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