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2014 Spring Compliance Conference

Woodrow Williams - Monday, March 31, 2014

DAY 1: Wednesday, April 30th

 

Marketing Regulatory Compliance

Jennifer Anderson, Policy Works

 

Marketing materials - brochures, direct mail, print ads, websites and email - are an ever-expanding portion of a credit union’s operations. Regulatory bodies have recognized this, and apply a variety of rules and regulations to them. This presentation will help you learn how to comply with various Federal laws and regulations, cover unfair, deceptive or abusive acts and practices.

 Attendees have the opportunity to submit a marketing piece* to be reviewed prior to the session.

                           

*Attendees must submit marketing piece (by April 21, 2014) to Jennifer - jennifera@policyworksllc.com and we will review the pieces compliance during the last part of our session.

 

  • 9:30 a.m.   Marketing Regulatory Compliance; Marketing Credit Products

                  Jennifer Anderson, Policy Works

 

  • 10:30 a.m. Marketing Regulatory Compliance; Common Errors

                              Jennifer Anderson, Policy Works

 

  • 1:00 p.m.  Marketing Regulatory Compliance; Examiner Issues

                             Jennifer Anderson, Policy Works

  • 2:30 p.m.  Marketing Regulatory Compliance; Unfair, Deceptive, Abusive Acts & 

                 Practices

                            Jennifer Anderson, Policy Works

DAY 2: Thursday, May 1st

 

9:00 a.m. Virginia Law on Non-Judicial Foreclosure

                Webb King, Woods Rogers, PLC                                                                    

                John Prillaman, Woods Rogers, PLC

 

Non-judicial foreclosures are heavily regulated and lenders must give special notices to the property-owner. This session will cover how to foreclose on a deed of trust in Virginia when a member’s mortgage goes unpaid. We will cover pre-foreclosure matters, required notices, advertising requirements, postponement of sale, day of sale, what happens when a member files bankruptcy, injunctions and trustee deed and other estate issues.

 

10:30 a.m. Auto Loans Collections in Virginia

                 Eddie Whitlock; Lafayette, Ayers & Whitlock

 

How to collect on an auto loan in Virginia (including doing a repossession). In this session we will cover from the first delinquency through the disposition of collateral including required   notices and what you should do if the member files for bankruptcy

1:15 p.m. Electronic Loan Documents & Signatures

                Nathan Bowden, VACUL

 

Credit union members are demanding the opportunity to apply for loans electronically. This session will cover the laws and regulations that you must be aware of in e-lending, including how things differ when you use e-documents,    e-disclosures, and e-signatures in the lending process.

 

3:00 p.m. Loan Collectability: Electronic Documents & Signatures

               Eddie Whitlock; Lafayette, Ayers & Whitlock

 

This session will share strategies your credit union could use to ensure contracts entered into electronically have the same protections they have when contracting the “brick and mortar” world. We will cover in this presentation practical examples of the procedures your credit union should have in place to ensure that your loan documents will be upheld in a Virginia court of law.

4:30 p.m.   Q&A Session

DAY 3: Friday, May 2nd

 

9:00 a.m. Bonuses, Gambling, Promotions & Sweepstakes

                 Nick Albu, Woods Rogers, PLC

                 Dan Summerlin, Woods Rogers, PLC

 

We will share in this session the authority of marketing and promotion activities, Virginia’s Illegal Gambling Law, Truth in Savings Disclosures for Bonuses, and legal disclaimers in promotional advertising. We will also cover 1099 Tax reporting for promotions.

 

10:45 a.m. Intellectual Property

                   Nathan Evans, Wood Rogers, PLC

                   Mike Hertz, Woods Rogers, PLC

Join us for an overview of the different types and ways to protect your intellectual property including patents, trademarks, copyrights and trade secrets. We will touch upon IP provisions in contracts and explain the basics of licensing agreements. In this session we will, by way of anecdotes and highlights, focus on how credit unions can use IP as an asset and how you can defend against the assertion of IP rights against your credit union by “non-practicing” entities.

                                                                

12:15 p.m. Q&A Session

 

12:30 p.m. Adjournment

 

 

Registration Information

Registration Deadline:  April 21, 2014

 

Registration Cost:   April 30th, $145 per person;

                                May 1st,   $145 per person;

                                May 2nd,  $65 per person

 

Register online at www.vacul.org/events and pay by credit card or complete form and send with your registration fee to:

 

Virginia Credit Union League

            ATTN: Cathy Baldwin          

            P.O. Box 11469, Lynchburg, VA 24506

            (Phone) 800.786.3344, Extension 615

            (Fax) 434.237.5068

            (Email) cbaldwin@vacul.org

 

Hotel Information

Embassy Suites Hotel (2925 Emerywood Parkway, Richmond, VA 23294)

 

Room Rate for Overnight Guests: $119

Includes: Free cook-to-order breakfast, 2 hour evening receptions with complimentary drinks and snacks, complimentary WiFi and much more.

 

Room Reservation Deadline: April 15th

 

Code: Virginia Credit Union League - Compliance Conference

Please call the hotel directly to make the reservations at 804.672.8585.

 

Your VACUL Compliance Team:  Nathan, Clark & Robert

VIRGINIA CREDIT UNION LEAGUE  

One Vision. One Voice.  

 

For compliance questions, contact the compliance team: 

800.768.3344 ext. 610 (phone)

434.237.5068 (fax)

compliance@vacul.org (e-mail)

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