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CUNA Mutual webinar to address Reg Z

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MADISON, Wis. (3/12/10)--CUNA Mutual Group continues its Discovery Webinar series April 1 with a look at the ins and outs of compliance to new Regulation Z requirements. Bill Klewin, CUNA Mutual associate general counsel and consumer lending authority, will share background on the regulation change and provide information to help evaluate lending policies and procedures. The free session, “Shedding Some Light on Regulation Z Compliance,” will give participants tools they can use to successfully maintain multi-featured, open-end lending as a viable lending strategy, CUNA Mutual said. 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. The Federal Reserve Board published new rules in January 2009 for non-home secured open-end lending. The new 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. To register for the webinar, use the link.

Products and Services briefs (03/11/2010)

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* ST. PETERSBURG, Fla. (3/12/10)--PSCU Financial Services announced that it has signed another three-year commitment as a Chairman’s Roundtable sponsor for the Filene Research Institute. PSCU Financial Services was the organization’s first Chairman’s Roundtable sponsor six years ago. Past funding from PSCU Financial Services helped Filene conduct more than 15 research projects on Generation Y, including the CU Tomorrow program that helps educate credit unions on how to attract and retain young adults. PSCU Financial Services is a credit union service organization based in St. Petersburg, Fla. ... * MONETT, Mo. (3/12/10)--Jack Henry and Associates, a provider of integrated technology solutions and data processing services for financial institutions, announced that it is experiencing more record growth for its remote deposit capture (RDC) solution, provided by its ProfitStars division. RDC is a Web-based electronic payment processing platform that allows businesses to make remote deposits by scanning checks they receive as payment and converting them to electronic transactions. On Jan. 4, ProfitStars achieved an all-time high of more than 1.25 million transactions processed. It also processed more than 14 million RDC transactions and moved $13 billion in funds, representing an increase of 52% in transactions processed compared to those processed in January 2009. ProfitStars supports more than 32,000 businesses in more than 100,000 locations ... * CHAPIN, S.C. (3/12/10)--PM Systems Corp. (PMSC) has created a video production unit, FI-Studios, to help financial institutions with their video needs. FI is “hitting the streets” after spending a year in staffing and program development, PMSC said. FI provides animated logos, Web video, television commercials, premium Web profiles, standard Web slideshows, help guides and tutorials, testimonials, pre-roll videos, product overviews, industry specific videos, video banner ads and ticklers and third-party videos. PMSC is based in Chapin, S.C. ...