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 changes affecting the content and format of periodic statements. Join the discussion and get your questions on these issues answered.

Review the new requirements for periodic statements including:

• new requirements under the Credit CARD Act
• format and content requirements for open-end lending
• minimum payment warning disclosure requirements

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

Archived CUNA events enable you to see and hear a recorded presentation and questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. With a computer projection screen, it’s easy to provide this training to a whole roomful of staff.

When you purchase the archive, your entire credit union also gets access for up to six months. See the archived events available to you and your credit union.

Please note: A single session archived event will be made available within 48 hours of the live event and a multiple session archived event will be made available within 48 hours of the conclusion of the last session. By registering for this archived webinar, you will receive unlimited access until the end date listed above for your entire credit union.

This webinar is part of the CUNA Regulation Z eBoot Camp eSchool starting August 27, 2009.

Attend this webinar live on January 7, 2010

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 January 6, 2010. Substitutions are accepted anytime prior to January 7, 2010 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.