Credit union executives and volunteers interested in learning about the compliance requirements of the CARD Act can sign up for CUNA's Oct. 20 audio conference call on the subject.
CUNA Senior Assistant General Counsel Jeff Bloch will lead the call, which will cover topics such as minimum payment warnings on credit card statements, some interest rate increase prohibitions, and portions of the act that require co-signors for cardholders that are under the age of 21. Those, and other provisions, are scheduled to take effect Feb. 22, 2010.
Other participants include: Federal Reserve Representative Benjamin Olson, PSCU Financial Services' Steve Salzer, CUNA Assistant General and Senior Compliance Counsel Michael McLain, and UW Credit Union Chief Credit Officer Mike Long.
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