WASHINGTON (5/27/08)--The Credit Union National Association's (CUNA) regulatory affairs staff will provide information on several key compliance topics during an audio conference Thursday at 2 p.m. EDT. Kathy Thompson, senior vice president for compliance and associate general counsel; Valerie Moss, director of compliance information; Nichole Seabron, federal compliance counsel; and Michael McLain, assistant general counsel and senior compliance counsel, will be a part of the discussion panel. The agenda for the conference is divided into two parts. Part I includes: * Approaching mandatory compliance dates: Fair and Accurate Credit Transactions Act (FACTA) identity theft red flag and affiliate marketing regulations; * National Credit Union Administration examiners’ focus on due diligence with third party vendors; * Points of interest from CUNA’s Bank Secrecy Act conference, which wrapped up last week; and * How to safely use Social Security deposits for overdrafts and overdraft fees. Part II includes:
* New FACTA proposal on risk-based pricing; * Update on the status of the proposed Internet gambling regulation; * The Financial Crimes Enforcement Network’s proposal to amend Currency Transaction Reporting exemption regulations; * Proposed interagency Unfair or Deceptive Credit Card Practice Rule; * The Department of Housing and Urban Development’s proposed amendments to the Real Estate Settlement Procedures Act; and * Other legislative and regulatory developments of interest, such as mortgage reform, flood insurance, regulatory relief, and others.
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