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News Now

Washington
Audio conference addresses credit card overdraft regs
WASHINGTON (7/28/08)--Credit unions interested in the proposed credit card and overdraft protection regulations can participate in today’s audio conference hosted by the Credit Union National Association (CUNA). The National Credit Union Administration (NCUA), along with the Federal Reserve Board (Fed) and the Office of Thrift Supervision, has published a joint proposed rule that will prohibit a number of credit card practices and will impose restrictions on overdraft protection plans. The Fed has also published two separate but related proposals that amend Regulation Z, the Truth in Lending Act, Regulation DD, and the Truth in Savings Act. The conference is from 1-2:30 p.m. CT. Panelists include:
* Matt Biliouris, NCUA program officer in the Office of Examination & Insurance; * Alan Cameron, president/ CEO of the Idaho Credit Union League; * Mary Dunn, CUNA senior vice president and associate general counsel of regulatory advocacy; * Tonya Green, NCUA staff attorney in the Office of General Counsel; * Ross Kendall, NCUA Office of General Counsel; and * Mike Long, vice president of lending at UW CU, Madison, Wis.
A speaker from the federal reserve board also will participate. Use the resource link below for more information and to register.
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