What's new with FACTA? Lots! We've been waiting patiently since 2003 for all of the FACT Act rules to become FINAL and as of December 2009 the wait is over. The Risk Based Pricing final rules were released by the Federal Reserve Board and the FTC in a 202 page document that implements Section 311 of the FACT Act.

This webinar is a part of the CUNA Regulatory Compliance eSchool: Update which starts September 1, 2010. Click here for more information

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff!

When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

For additional training on compliance issues register for the CUNA Regulatory Compliance eSchool: Update which starts September 1, 2010.
Click here for more information.

Can't attend at this time? Click here for the archived version.

FACTA - What's New for 2010?

• Review when to give the risk-based pricing notice for loans that are granted or extended based on a consumer report with “material terms” that are “materially less favorable”
• Learn the definitions for “material terms” and “materially less favorable” and explore two alternative methods that can be used to determine when “material terms” are “materially less favorable”
• Discover alternatives to providing the risk-based pricing notice as well as five model forms

This webinar will be beneficial for compliance staff, management, and anyone at your credit union needing this detailed compliance information — management, CEO, directors, mortgage lending staff, consumer lending staff and operations staff.

Affiliation with CUNA/League is required for attendance.

Woody Hodgdon, CUCE, BSACS
Woody is the founder of W & D Adventures, LLC and Regulations A-Z & More. He has been a national compliance presenter for more than 17 years and recently retired from Addison Avenue Federal Credit Union after 28 years. Woody was most recently the national compliance manager at Addison Avenue and was located in their Loveland, Colorado branch. He spent three years as an agent for CUNA Mutual in northern Colorado prior to starting his management career with credit unions. Woody has been involved in credit union management, operations, marketing and compliance issues for more than 30 years and has also held jobs as interim credit union manager, vice president of operations, branch manager, marketing manager, collection & compliance manager and senior loan officer.

The last day for cancellations was September 7, 2010. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.