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CUNA offers privacy law webinar

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MADISON, Wis. (7/30/10)--The Credit Union National Association (CUNA) is offering a webinar on privacy law Sept. 30 from 2 p.m. to 3:30 p.m. CT. The webinar is titled, "Compliance Issues and New Privacy Rules." It aims to educate credit unions about a new model privacy notice issued by the National Credit Union Administration (NCUA) that will guarantee credit union compliance with new privacy notice requirements. Credit unions can use their current privacy notices for one year after the effective date of the rule. After Dec. 31, CUs that continue to use the sample clauses under the previous rule will no longer receive safe harbor protection under the current regulation. NCUA worked with several other regulatory agencies to develop the online form builder. The form builder guides an institution to select the version of the model form that fits its practices (News Now April 16). The webinar will clarify the rules and walk attendees through the sample form, discuss the form's use and how it should be implemented. Regina Metz, attorney at the National Credit Union Administration (NCUA), will explain the background and how the rules were created. Metz also will discuss why NCUA hopes financial institutions use the new form even though it is not mandatory. Andrea Strizke, vice president of regulatory compliance at PolicyWorks will talk about model forms, which forms to use, what information can be shared, when to send notices, what notices to send, when to switch to new forms, and other issues during the webinar. The webinar is geared toward compliance staff, management or anyone needing compliance information, CUNA said. For more information, use the links.