Changes to the Federal Reserve's Regulation Z account opening disclosures for open-end credit plans will be the focus of NAFCU's Sept. 2 webcast.
The changes, which take effect next July, are aimed at making information more conspicuous and reader-friendly for members. They include disclosing certain key terms in a summary table at account opening and adopting a different approach to disclosing fees, to provide greater clarity for identifying fees that must be disclosed.
Obrea O. Poindexter, of counsel at Morrison & Foerster LLP in Washington D.C., and Olivia Ireland, partner at Morrison & Foerster, will discuss the content requirements, including disclosure of promotional or introductory rate offers; formatting requirements, and operational issues that balance compliance with the realities of business.
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The webcast is scheduled from 2:00-3:30 p.m. on that date. The deadline for early bird registration is August 26. NAFCU members and non-members can register at www.nafcu.org/septemberwebcast or call 800-344-5580.
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