Credit CARD Act Webcast; Titles I & II of Credit CARD Act
Posted by Steve Van Beek
NAFCU will be offering a webcast on the Credit CARD Act on Wednesday, July 15. Â Obrea Poindexter and Oliver Ireland from Morrison & Foerster LLP will be the speakers. Â Anthony Demangone, "The Compliance Guy," will moderate the webcast.
The "early bird pricing" for the webcast ended last Wednesday. Â However, I've got a special offer for you - our blog readers. Â Here is a link to a registration form to fax into NAFCU - just put "Blog" in the "Other" section referring to how you heard about the webcast. Â By putting "Blog" - you will receive the early-bird pricing (i.e. "by 7/8/09" price) . Â You can also call NAFCU's member service center to register - just mention the NAFCU Compliance Blog to receive the discount pricing. Â Send in the form or call to register by COB on Tuesday to get the discount.Â
As a reminder, even if you can not make the Wednesday webcast - all of NAFCU's webcasts are available for up to six months after the "live webcast" date. Â This also comes in handy as you later focus on some of the Credit CARD Act provisions that become effective in February. Â With the archived webcast, you can go back and get a refresher on those sections at any time. Â Â
Additionally, Ms. Poindexter and Mr. Ireland will be discussing the Credit CARD Act at NAFCU's Regulatory Compliance Seminar in Charleston, SC from October 19-22, 2009. Â We will also be talking Reg Z, International ACH's, Overdraft Protection Programs, and much more. Â
***
We have covered Title I & Title II of the Credit CARD Act so far. Â I think now would be a good place to provide links to all the Credit CARD Act blog postings for easy reference. Â This may be one you want to forward around to your colleagues so they have the easy access to each past blog posting.
Credit CARD Act - General
Credit CARD Act - Title I
Post on Section 101 - Part 1: 45-Day Advance Notice; Right to Cancel; Mandatory 6-Month Review
Post on Section 101 - Part 2: Raising APRs on Outstanding Balances; Repayment Methods for Outstanding Balances; Limitations on APR Increases in First Year; Minimum 6-Month Promo PeriodÂ
Post on Section 102 - Part 1: Double-Cycle Billing; Over-the-Limit Fees; Opt-In for Over-the-Limit Fees
Post on Section 102 - Part 2: Limit on Fees for Automated Payment Methods; Reasonable & Proportional Penalty Fees Requirement
Post on Section 103: Restrictions on using the term "Fixed"; Advertising "Fixed" Rate Credit Cards
Post on Section 104: 5:00 Cutoff for Payments; Payment Allocation for Payments in excess of the Minimum Payment; Changes to CU Mailing Address
Post on Sections 105, 107, & 108: Subprime Cards; Enhanced Penalties; Clerical Amendments
Post on Section 106: Payment Due Dates; 21-Day Issue for Late Fees; Grace Periods
Post on Section 109: Consideration of Ability to Repay Requirement
Credit CARD Act - Title II
Post on Section 201: Minimum Payment Warning; Repayment Information Disclosures
Post on Section 202: Late Payment Deadlines; Penalty Rates; Branch Payments
Post on Section 203: Renewal Disclosures for Annual Fees
Post on Section 204: Posting of Credit Card Agreements on CU Websites; Sending Credit Card Agreements to the Federal Reserve
Post on Section 205: Advertising "Free Credit Reports"