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BEGIN:VEVENT
DTSTAMP:20100216T193000Z
UID:1260208929804@calendar.bollearningconnect.com
CATEGORIES:Presented By: Mary Beth Guard and Jack Holzknecht
DTSTART:20100216T193000Z
DTEND:20100216T213000Z
SUMMARY:Gigantic Changes to Regulation Z Rules for Open-end Credit 
DESCRIPTION:
 <strong>WHAT? </strong>\n
 The Regulation Z Rules 
 for open-end credit are changing, and changing, 
 and changing again. The changes impact all 
 types of open-end accounts. It is challenge 
 to just list everything that is unfolding.\n
  
 <table width=650 cellpadding=0 cellspacing=0><tr><td 
 width=100><img src="http://event.netbriefings.com/event/bankersonline/images/jack80x8011.jpg" 
 alt="" border="0" align="left" 
 valign="top"><img src="http://www.bollearningconnect.com/instructors/MB_80X80.jpg" 
 alt="" 
 border="0" align="left" valign="top"></td><td 
 width=150><font face=arial size=-2><b>WEBINAR 
 TIME:</b>\n
 11:30AM - 1:30PM PT\n
 12:30PM - 2:30PM 
 MT\n
   1:30PM - 3:30PM CT\n
   2:30PM - 4:30PM 
 ET</font></td>\n
 <td align=right width="100"><a 
 href="https://www.bollearningconnect.com/eventreg/register.php?s=ban1654" 
 target=_new><img 
 src="http://www.bollearningconnect.com/images/registernow4.gif" 
 width=100 height=48 
 border=0></a></td>\n
 <td width="100"><a href="http://event.netbriefings.com/event/bankersonline/Live/card0110" 
 target=_new><img src="http://www.bollearningconnect.com/images/webinarlogin4.gif" 
 border="0" width=100 height=48 
 alt=""></a></td>\n
 <td width="100"><a href="http://event.netbriefings.com/event/bankersonline/Live/card0110/materials/index.html" 
 target=_new><img 
 src="http://www.bollearningconnect.com/images/downloadmaterials4.gif" 
 width=100 
 height=48 border=0></a></td> \n
 <td width=100>\n
 <a 
 href="http://www.bankersonline.com/bankerstore/index.php?main_page=product_info&products_id=2022"><img 
 src="http://www.bollearningconnect.com/images/preordercdrom4.gif" 
 border=0 
 alt=""></a> \n
 </strong> </td> \n
 </tr></table><li>On 
 December 18, 2008 the Federal Reserve 
 Board issued final rules to revise the open-end 
 credit rules in Regulation Z. Those rules 
 have since been amended by the Credit CARD 
 Act.\n
 \n
 <li>On December 18, 2008 the Federal 
 Reserve Board issued final rules to revise 
 the open-end credit rules in Regulation AA. \n
 <li>On 
 May 22, 2009, the Credit Card Accountability 
 Responsibility and Disclosure Act of 
 2009 (Credit CARD Act) was signed into law. The 
 Credit CARD Act amends the Truth in Lending 
 Act (TILA) and establishes a number of new 
 requirements pertaining to open-end consumer 
 credit plans. \n
 <strong>Stage One - </strong>On 
 July 15, 2009 the Federal Reserve Board issued 
 interim final rules to implement selected 
 sections of the Credit CARD Act. The July revisions 
 became effective on August 20, 2009. 
 \n
 <strong>Stage Two -</strong> On September 
 29, 2009 the Federal Reserve Board proposed additional 
 rules designed to protect consumers 
 who use credit cards from a number of potentially 
 costly practices. \n
 <strong>Stage Three 
 - </strong><strong> On January 10, 2010, the 
 Federal Reserve Board <em>withdrew</em> the 
 December, 2008 amendments to Regulation Z and 
 Regulation AA and adopted extensive <em>new</em> 
 changes to Regulation Z to implement the 
 CARD Act, with many of the new provisions slated 
 to take effect February 22, 2010.</strong>\n
 <strong>Stage 
 Four -</strong> The remaining 
 provisions of the Credit Card Act go into 
 effect on August 22, 2010. \n
 Interim Stage - 
 On November 6, 2009 President Obama signed the 
 Credit CARD Technical Corrections Act (CCTCA). 
 The CCTCA amends the Truth in Lending Act, 
 as amended by the Credit CARD Act, to make 
 a technical amendment with respect to the timing 
 of payments related to open end consumer 
 credit plans. The CCTCA narrows the coverage 
 to credit card accounts.\n
 <li>On July 23, 2009 
 the Federal Reserve Board proposed significant 
 changes to Regulation Z rules to improve 
 the disclosures consumers receive in connection 
 with Home-equity lines of credit (HELOCs).\n
 \n
 <strong>TOPICS</strong>\n
 <strong>Upon 
 completion 
 of this program participants will understand:</strong>\n
 \n
 <li>The 
 status of final 
 rules that revise Regulation Z for open-end accounts 
 other than home equity lines of credit; 
 \n
 <ul>\n
 <li>Types of credit covered by the 
 rules; and\n
 <li>New disclosure rules for:\n
 <ul>\n
 <li>account-opening 
 disclosures; \n
 <li>periodic 
 statement disclosures; \n
 <li>change-in-terms 
 notices; \n
 <li>credit and charge card 
 application and solicitation disclosures; and 
 \n
 <li>advertising provisions.\n
 </ul>\n
 </ul>\n
 <li>The 
 prohibitions against engaging in certain 
 acts or practices in connection with consumer 
 credit card accounts.\n
 <ul>\n
 <li>Unfair 
 acts or practices regarding time to make payment.\n
 <li>Unfair 
 acts or practices regarding 
 allocation of payments.\n
 <li>Unfair acts or 
 practices regarding increases in annual percentage 
 rates.\n
 <li>Unfair balance computation 
 method.\n
 <li>Unfair charging of security deposits 
 and fees for the issuance or availability 
 of credit to consumer credit card accounts.\n
 </UL>\n
 <li>The 
 Credit CARD Act requirement 
 (as amended by the CCTCA) to ensure that periodic 
 statements are mailed or delivered at least 
 21 days prior to the payment due date and 
 the date on which any grace period expires, 
 including:\n
 <UL>\n
 <li>Types of credit covered 
 by the rules;\n
 <li>What constitutes reasonable 
 procedures;\n
 <li>The meaning of "treating 
 a payment as late for any purpose;"\n
 <li>The 
 definition of payment due date;\n
 <li>The payment 
 due date exceptions;\n
 <li>Free ride or grace 
 periods;\n
 </UL>\n
 <li>The Credit CARD Act 
 rules governing notices of changed terms, including:\n
 <UL>\n
 <li>When 
 notices are and are 
 not required;\n
 <li>The timing of notices for 
 different types of changes;\n
 <li>What constitutes 
 a "significant change in terms;"\n
 <li>Content 
 of the required notices;\n
 <li>Requirement 
 for a toll-free number; and\n
 <li>Penalty rates;\n
 </UL>\n
 \n
 <li>The 
 final amendments to Regulation 
 Z to:\n
 <UL><li>Protect consumers from 
 unexpected increases in credit card interest 
 rates by generally prohibiting increases in 
 a rate during the first year after an account 
 is opened and increases in a rate that applies 
 to an existing credit card balance;\n
 <li>Prohibit 
 creditors from issuing a credit card 
 to a consumer who is under the age of 21 unless 
 the consumer has the ability to make the 
 required payments or obtains the signature of 
 a parent or other cosigner with the ability 
 to do so;\n
 <li>Require creditors to obtain a 
 consumer's consent before charging fees for 
 transactions that exceed the credit limit;\n
 <li>Limit 
 the high fees associated with subprime 
 credit cards;\n
 <li>Ban creditors from using 
 the "two-cycle" billing method to impose interest 
 charges; and\n
 <li>Prohibit creditors from 
 allocating payments in ways that maximize 
 interest charges; and\n
 </UL>\n
 \n
 <li>The status 
 of rules to revise the Regulation Z rules 
 that are applicable to Home Equity Lines of Credit 
 that require new:\n
 <UL><li>disclosures 
 at application; \n
 <li>disclosures at account 
 opening; \n
 <li>periodic statements; and \n
 <li>change-in-terms 
 notices\n
 </UL>\n
 \n
 <strong>WHY?</strong>\n
 This 
 program contains core knowledge 
 all banks need to comply with the rapidly 
 unfolding rules for open-end credit. \n
 \n
 <strong>WHO</strong>\n
 This 
 program is designed 
 for operations officers, compliance officers, 
 loan officers, auditors and others who must 
 comply with rules regulating open-end credit.\n
 \n
 <strong>About 
 the Speakers:</strong>\n
 \n
 <b>Jack 
 Holzknecht</b> is a principal with Pegasus 
 Educational Services, LLC, a training firm 
 headquartered in Louisville, Kentucky. He 
 is an experienced consultant who has provided 
 training to thousands of bankers and examiners 
 for twenty-four years. He has the ability 
 to identify the key compliance issues from each 
 regulation. Jack's career began in 1976 as 
 a federal bank examiner. He later headed the 
 form and software and education divisions of 
 a regional consulting company. In that capacity 
 he developed loan and deposit form systems 
 and software. He also developed and presented 
 training programs to bankers in 43 states. 
 Jack has been an instructor at compliance schools 
 presented by the Georgia, Iowa, Kentucky, 
 Pennsylvania, Nebraska, New York and Texas 
 bankers associations. He developed and delivered 
 compliance training for the FDIC and OTS 
 for ten years. He is a Certified Regulatory 
 Compliance Manager and a member of the National 
 Speakers Association. He is also a "BOL Guru" 
 at http://www.bankersonline.com/ and frequently 
 answers compliance questions sent to "Bankers' 
 Threads."\n
 \n
 <b>Mary Beth Guard</b> 
 currently serves as Executive Editor of BankersOnline.com 
 and CEO of Glia Group, Inc., Mary 
 Beth has had a long and distinguished career, 
 graduating from law school in 1980. She has 
 focused her work exclusively on the banking 
 industry since 1984. Previously, Mary Beth served 
 as EVP/General Counsel and COO for the 
 Oklahoma Bankers Association, EVP of Specialized 
 Services for Thomson Financial Publishing, 
 and General Counsel for the Oklahoma State 
 Banking Department. Mary Beth is on the advisory 
 board for Bankers' Hotline and Compliance 
 Action, as well as on the editorial board for 
 ABA Bank Compliance magazine. She has presented 
 training programs for virtually every major 
 national financial industry association, 
 as well as more than a dozen state bankers associations 
 and a host of other organizations. 
 In addition, Mary Beth has written more than 
 a thousand banking-related articles and is a 
 BOL Guru. \n
 \n
 \n\n
 Price: $235 Early Bird - Registration one-week prior 
 to the event\n
 Sponsor: BOL Learning Connect\n
 Homepage: http://www.bollearningconnect.com\n
 Contact: Carin Eisenhauer\n
 Phone: 888-229-8872\n
 E-Mail:: carin@bankersonline.com\n
 for more info visit the web at:\n 
 http://www.bollearningconnect.com/about_lcprograms.html\n
LOCATION:Webinar
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