Haitema Chairs NACHA Board
Haitema, who has been with U.S. Central since 2005 and has 22 years experience in the financial services field, has been active in NACHA for several years.
"I'm honored to serve as chair of an organization that offers such universal value to depository institutions of all types and sizes, from the largest global banks to our community banks and credit unions," Haitema said in a statement. "NACHA is committed to maintaining and improving the safety, soundness and efficiency that the ACH Network provides to its participants. At the same time, we will continue to seek opportunities for growth of electronic payments in this global economy."
David Willis, vice president of debit card and funds services at Navy Federal Credit Union, was elected to NACHA's board.
Wolters Kluwer Offers Regulatory
Compliance Reviews at GAC
Credit union executives who want to find out whether their deposit account-opening disclosures comply with regulations can get a free review from Wolters Kluwer at CUNA's Governmental Affairs Conference.
Credit unions attending GAC, which takes place from Feb. 22-26, can drop off their account-opening disclosures at Wolters Kluwer Financial Services booth. After the conference ends, the company's compliance professionals will review each disclosure and recommend revisions for each credit union that could help them ensure they are complying effectively with regulatory requirements and provide account-opening information to members in plain language that is simple and easy for them to understand.
Wolters Kluwer Financial Services' compliance experts include former regulators, bankers and credit union professionals, as well as attorneys and compliance analysts. These professionals are the driving force behind the company's Bankers Systems brand, which has provided credit unions and other financial institutions with account-opening disclosures and other leading regulatory compliance solutions for more than 50 years.
NCUA, Fed, OTS Are Co-Hosting Audio
Conference on Credit Card Rules
Credit union executives interested in learning more about the government's new regulations on credit cards can participate in an audio briefing on Feb. 24 that the NCUA is sponsoring with the Federal Reserve Board and the Office of Thrift Supervision.
During the two-hour session, representatives from all three regulatory agencies will discuss aspects of the regulations, which are designed to provide consumers with a reasonable time to pay credit card bills, fairly allocate payments to balances with different interest rates, establish certain restrictions on increasing interest rates, ban double-cycle billing and limit the fees charged for opening an account.
Moisette Green of the NCUA is one of the scheduled speakers, as are April Breslaw of the Office of Thrift Supervision and Benjamin Olson of the Federal Reserve Board.
To register, contact http://www.ots.treas.gov/_apps/ccall/ to receive your call-in number and password. Participants are encouraged to send questions before and during the call to email@example.com.
The briefing is scheduled to begin at 2:00 p.m. EST on Feb. 24.