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Pandemic plan is topic of Fridays audio conference
MADISON, Wis. (5/12/09)--Credit unions can stay ahead of possible H1N1 swine flu issues by creating thorough, quickly implemented pandemic plans with advice from a new Credit Union National Association audio conference Friday. Friday’s Pandemic Planning--Is Your Plan Ready to Go? At 1 p.m. CDT will help credit unions prepare for business with a skeleton crew at a moment’s notice. The audio conference will discuss what is critical in the pandemic portion of a credit union’s business continuity plans and how to quickly put plans into action that will keep staff safe while continuing to provide service to members. The difference between pandemic plans and other disaster plans also will be covered. Based on credit union feedback, CUNA also selected topics for a May 21 “Pressing Credit Union Compliance Issues” audio conference. The agenda is divided into two parts, to address immediate and upcoming issues, and to allow participants to ask questions about the topics discussed after each section. Among the features in Part I:
* Impact from the Federal Reserve’s final Regulation Z open-end credit rule on multi-featured open-end lending plans; * How the National Automated Clearing House Association's (NACHA) International ACH Transaction Rule will help credit unions comply with Office of Foreign Assets Control regulations; * Update on Financial Crimes Enforcement Network’s FIN-2009-G001(the 50% annual gross revenue limitation for phase II exemptions), and FIN-2009-A00 (reporting loan modification/foreclosure rescue scams on the suspicious activity report); * Examiner issues with credit unions’ disaster recovery and business continuity programs; * New Regulation Z disclosure requirements for mortgage loans, effective July 30; and * Regulation Z amendments to advertising rules for mortgage loans, effective Oct. 1.
Part II will explore proposed amendments and notable legislative and regulatory developments on overdrafts, credit cards, mortgages, the Fair and Accurate Credit Transactions Act, deposit insurance, Internet gambling and the Community Reinvestment Act. For more information, use the links.
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