Compliance Blog

Jul 22, 2010

Chicago: Day 2; Other Stuff

Posted by Anthony Demangone

5:15 a.m.  What is that sound?  Oh yeah.  It's my alarm.  Sigh. 

7:30 a.m.  NAFCU holds a staff meeting  to go over the day's events.  The events involve Mike Ditka. Nice. 

8:30 - 11 a.m.  NAFCU's morning agenda involves speeches by NAFCU's Chair, Brad Beal, NAFCU CEO Fred Becker, and Mike Ditka.  The talks discuss opportunities, challenges, and the characteristics of leadership.  It's a great morning.

11 a.m. to 1:30 p.m.  I work the NAFCU booth at our convention hall.  We're doing a demo for NAFCU's online training program.  We're offering a free trial until the end of this month for attendees to try out the training program.  If you are interested in a free trial, email me at ademangone @ nafcu.org. I'll get you the log-in information. 

1:30- 2:30 p.m.  I sit in a panel with my NAFCU colleagues Carrie Hunt and Dillon Shea. We discuss regulatory changes, which involves into a wonderful discussion involving the fiduciary duties of credit union officials.  

2:45-3:45 p.m. I deliver a talk that addresses the changing landscape for credit union officials.  NAFCU members: I'm more than happy to shoot you copy of the PowerPoint presentation, as well as a transcript of my remarks. Just email me at ademangone @ nafcu.org.  (Please allow me some time to respond, as I'm working away from the office this week.)  

4 - 5 p.m. Fred Becker delivers his "private conversation with Fred Becker."  It is a frank discussion of what is going on in our industry.  If you get to a NAFCU annual conference, this is a must-attend session.

That ended our formal day.  Which was a long one!

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In other news:

  • As expected, President Obama signed the regulatory reform legislation into law.
  • The word on the street is that the SAFE Act registration system will not be up and running until early 2011.  Once it goes live, we'll have 180 days to register our mortgage loan underwriters per the SAFE Act requirements. Stay tuned. 
  • HUD has released a new RESPA settlement cost booklet.
  • Welcome to HUD's first issue of the RESPA Roundup.Â