Credit Protection Proposed Rules Under Reg Z

October 28, 2010

The Federal Reserve Board has proposed changes to Reg Z relating to credit insurance and debt protection disclosures that could negatively impact credit unions' sales of these products. We need your help to combat this proposal before the public comment period ends on December 23, 2010!

In this podcast, we visit with Cathy Klimek, Counsel for Securian Financial Group. Cathy is an expert on Reg Z and will discuss the proposed rule and how it may affect credit unions if finalized. Cathy has been an attorney with Securian for the past 13 years, concentrating extensively on Reg Z, and providing compliance and legal advice for Securian’s Loan Documentation area as well as their credit insurance and debt protection products.

Securian Financial Group is the NAFCU Services Corporation Preferred Partner for Credit Insurance & Debt Protection for credit unions.

Contact: Ms, Cathy Klimek, Counsel, Securian Financial Group, Catherine.Klimek@securian.com; Website: www.securian.com

Interviewer: David C. Frankil, President, NAFCU Services Corporation, dfrankil@nafcu.org; (703) 842-2226

Show References: www.nafcu.org/securian

Referenced materials for download:

Securian Credit Protection Proposed Rule 2010 Newsletter

Sample Letter to Federal Reserve Board

Member Survey with Cover Letter

Securian Chairman & CEO, Robert L. Senkler's Letter to Chairman Bernanke (September 30, 2010)

A Closer Look at the Prime Alliance Innovation Award Winning Mortgage Solution for Credit Unions

October 14, 2010

Credit unions are always looking for mortgage origination and processing solutions that boost efficiency, reduce cost and enhance the overall member mortgage experience. In this podcast, we speak with Dan Green of Prime Alliance Solutions, a winner of the NAFCU Services Corporation 2010 Innovation Awards, about their best-in-class, comprehensive, Web-based mortgage origination and processing solution for credit unions.

Prime Alliance is the NAFCU Services Corporation Preferred Partner for Credit Union Mortgage Solutions.

Contact: Mr. Dan Green, dgreen@primealliancesolutions.com; Phone: (206)683-1826; Website: www.primealliancesolutions.com

Interviewer: David C. Frankil, President, NAFCU Services Corporation, dfrankil@nafcu.org; Phone: (703) 842-2226

Show References: www.nafcu.org/primealliance