On January 29, 2009 the Federal Reserve Board issued final amendments to the open-end credit rules under Regulation Z, which includes comprehensive changes to the format, timing, and content requirements for the five main types of open-end credit disclosures under Regulation Z, and the Truth in Lending Act (TILA). These include credit card application and solicitation disclosures, account-opening disclosures, periodic statements, change-in-term notices, and advertising provisions. The amendments become mandatory on July 1, 2010.

This session will take a close look at the final Regulation Z open-end credit changes affecting disclosures at account opening and with credit card applications and solicitations.

Join this session for an in-depth look at the new disclosure requirements for account opening and credit cards including:

• the new table required in account opening disclosures
• the revised format and content requirements for the existing Schumer Box on credit card applications and solicitations
• the type size requirements and when to use bold face type for APRs

Join us for this session, part of the CUNA Regulation Z eBoot Camp eSchool.

Archived CUNA Webinars enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived webinar will enable you to see and hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. If you have a computer projection screen, it's easy to provide this training to a whole roomful of staff!

Use our 90- to 120-minute archived webinars as part of a full day of training by gaining knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.

A single session archived webinar will be made available usually within 48 hours of the live event and a two session archived webinar will be made available within 48 hours of the conclusion of the second session. By registering for this archived webinar, you will receive unlimited access until the end date listed above. No access to this archived webinar is provided after the end date listed above.

This webinar is part of the CUNA Regulation Z eBoot Camp eSchool starting November 19, 2009.

Attend this webinar live on December 10, 2009

Access this archived webinar

This webinar is beneficial for anyone involved in the lending process at your credit union including compliance staff, lending staff and management. This includes staff taking loan applications, closing loans, processing and maintaining loans, and those preparing the marketing for your loan products.

Affiliation with CUNA/League is required for attendance.

Bill Klewin

Bill is director of Regulatory Compliance for CUNA Mutual Group in Madison, Wisconsin. In that role, he is responsible for issues involving regulatory compliance, lending and lending insurance.

Bill joined CUNA Mutual Group in 1986 as Assistant Counsel. After 10 years in the Legal Division, he was named vice president and managing director of CUNA Mutual Group’s Lending Lab and product leader for LOANLINER and the Student Loan Network. He rejoined the Legal Division in 2007.

Prior to joining CUNA Mutual Group, Bill maintained a private practice, concentrating on commercial and business law.

Bill is nationally known for his expertise in consumer lending and operations. He is recognized as the nation’s expert on open-end multi-featured lending. He has spoken at numerous conferences focusing on credit union and financial institution issues. Bill was a main teacher in a team chosen by the NCUA to train state and federal examiners in consumer lending, and he is a regular contributor and columnist in various publications on lending-related issues.




Michael McLain

Michael is assistant general counsel and senior compliance counsel at CUNA in Madison, Wisconsin. He works with CUNA Center for Professional Development to ensure its products and services are in compliance with and accurately portray federal regulations affecting credit unions. He also answers compliance questions from state credit union leagues and credit unions. Michael is a regular contributor of compliance related articles to Credit Union Magazine. Prior to joining CUNA’s legal department, Michael served for approximately 10 years as vice president and corporate counsel to a $300 million credit union in northeast Ohio and for nearly two years as vice president and corporate counsel to a $500 million credit union in central Pennsylvania.

The last day for cancellations was December 9, 2009. Substitutions are accepted anytime prior to December 10, 2009 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.