NASCUS Adds Webinars on New Garnishment Rules, CARD Act Changes and More

UPDATED Nov. 16, 2011 - Registration is open for a number of NASCUS educational opportunities this fall and winter.

December 1, 2011
Critical Compliance Issues for Directors
1:00 p.m. Eastern

Join Heather Line, Compliance Guru from the Utah Credit Union Association for a webinar on compliance issues for directors. Ms. Line will cover important compliance changes within the last 18 months, upcoming changes, existing compliance requirements that remain on regulators' radar and the board of director's obligations in regards to compliance. She will specifically cover mortgage lending regulations, board financial literacy requirements and the Bank Secrecy Act among other topics.  To register click here.

January 10, 2012
Credit Card Act Update
1:00 p.m. Eastern

Credit cards didn't cause the mortgage melt-down in 2008 but the new rules adopted in 2009 and 2010 responded aggressively to consumer concerns about the marketing and operation of many credit card products. It's time to make sure you cross the t's and dot the i's. in this area of compliance.

This webinar will cover when and how you can change the interest rate on your card, the way you must disclose significant changes, the opt-in and opt-out rights of consumers, timing requirements for your periodic statements and the difference between a business and consumer credit card.

Join Bruce Jolly, Reed and Jolly, PLLC, as he reviews the marketing of credit cards to youth, including college students and the other ways the CARD Act protects young consumers. This webinar will look at the rules applicable to gift cards and some state escheat requirements that affect gift cards. 

To register click here.

January 24, 2012
Can They Really Garnish My Social Security Check?

1:00 p.m. Eastern

Join Frank Drake, Smith Debnam LLP renowned North Carolina attorney and NASCUS speaker for a webinar on the question: "Can They Really Garnish My Social Security Check?"

The purpose of this webinar is to make financial institutions aware of a new interim final rule (31 C.F.R. 212) concerning the garnishment of certain Federal benefit payments made by direct deposit. Further, this webinar will provide an overview of the requirements of financial institutions in light of the new rule and the procedures that financial institutions must follow.

The sorts of funds protected by the new rule are already protected from garnishment under Federal law. To claim exemption from garnishment for benefit payments, however, is often difficult for account holders and such funds are frequently frozen for brief periods until the issue of exemption is resolved. The purpose of the rule is to offer greater protection of such benefit payments by requiring financial institutions to immediately identify such funds within accounts, to protect them from garnishment and to ensure that customers have full and customary access to certain protected amounts. Click here to register.