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CUNA Mutual webinar to address Reg Z
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.
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