LAS VEGAS – NAFCU's Annual Conference kicked off Tuesday, offering a full schedule of keynote speakers and breakout sessions. Here, conference goers visit during Wednesday morning's general session networking breakfast.

NAFCU President/CEO Dan Berger said during his general session speech Wednesday that his trade's $7 billion estimated cost of the NCUA's risk-based capital rule is accurate. NCUA Chairman Debbie Matz has disputed the figure, saying the cost for affected credit unions to comply is only $663 million.

Lee Wetherington, director of strategic insight at ProfitStars, discussed mobile banking trends. He said 70% of consumers don't mind financial institutions analyzing their transactions, and encouraged credit unions to use that data to help members make better purchasing decisions. Registering for raffles sponsored by exhibitors was a popular activity.

Doug Duncan, senior economist at Freddie Mae, said during his general session the U.S. is expected to produce $1.1 trillion in mortgage loans this year. John Ainsworth, group head of U.S. markets at MasterCard, said the time is now for credit unions to plan a digital commerce strategy.  Attendees inspect items up for bid in a silent auction that benefits NAFCU's political action committee.

Andy Vanderhoff, CEO of Quantivate, provided tips for a regulator-friendly vendor management program. Here he chats after his presentation with a conference attendee.

Andrew Keeney, attorney with the lawfirm Kaufman & Canoles, spoke at a breakout session on the TILA/RESPA regulations implemented earlier this year by the CFPB. He said by August 2015, when full compliance is required, experts estimate compliance related costs will run $35 per real estate loan application.