Presenter: Elizabeth Fast, JD & CPA, Spencer Fane Britt & Browne LLP
Date: Thursday, September 20, 2012
Time: 2:00 - 3:30 pm Central

Focus:
The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 imposed dramatic changes to the substantive aspects and disclosure rules regarding issuing, marketing, maintenance, and collection of credit cards.  Although the majority of these new changes became effective in 2010, new changes continue to be adopted. 

Does your credit union have a good understanding of these sweeping changes?  If not, you could be exposing your credit union to significant risks of loss and expensive lawsuits.  This webinar will explain everything your credit union needs to know about the new credit card rules and review the proper regulatory disclosures.  In addition, it will cover the best practices that some credit unions are taking to reduce their risk of non-compliance.

What You Will Learn

• Overview of the Credit Card Act
• When and how you can change the interest rate, including promotional rates and universal default rates
• When and how you must disclose other changes
• Member rights to cancel the card before the change and pay off the balance over time
• Timing requirements for periodic statements
• Special rules for members under 21 years old
• Possible claims of unfair and deceptive acts or practices

Who Should Sign Up?
This informative session will benefit loan officers and loan operations personnel at all levels, including compliance staff and managers.

About the Presenter:
Elizabeth Fast, Esq. is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions.  Elizabeth is the head of the firm’s training division.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.  She is a member of the Missouri State Banking Board by appointment of the Governor.