Audio Version: Final Regulations for the Payment Card Industry

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The purchase of the audio event on " Final Regulations for the Payment Card Industry" includes an instant mp3 download incl. handout material of the February 4th, 2010 live event.  Total duration of the program is 90 minutes long.

Program Description:

On January 12th, the Federal Reserve Board approved a final rule amending Regulation Z (Truth in Lending) which implements provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (“CARD Act”) that will go into effect on February 22, 2010.This rule represents the second stage of the Board’s implementation of the CARD Act.  

Card issuers will have little implementation time before the final CARD Act Rules go into effect on February 22, 2010.  The Act places special emphasis on regulators to be accountable for enforcement of the law and contains increased penalties for card issuers that violate these new restrictions.

The remaining provisions of the CARD Act go into effect on August 22, 2010 and the Board has released proposed gift card rules and is expected to release proposed rules implementing other provisions in the near future.  The Teleseminar will also discuss the final overdraft regulations recently released by the Board.

To learn how you can prepare your organization for these new regulations, join our panel of experts for a rebroadcast version of the February 4th 2010 live CDIA Teleseminar.  Mr. Richard L. Fischer and Ms. Obrea Poindexter will provide an analysis of what to expect and what you need to be doing now to prepare.

Specifically, they will discuss:

• Limitations on rate increases during the first year after an account is opened, and limitations on rate or fee increases that apply to an existing account balance;
• Prohibitions from issuing a credit card or increasing a credit line unless the issuer has considered the consumer’s ability to make the required payments;
• Requirements to obtain a consumer’s consent before charging fees for transactions that exceed the credit limit;
• Prohibitions against assessing finance charges on partial payments made by consumers eligible for that grace period;
• Prohibitions against allocating payments other than as required by the CARD Act;
• Limitations on assessing certain fees associated with subprime credit cards; and
  Prohibitions against using the double-cycle billing method.
  

Hear and Speak with these Industry Experts:    

Mr. Richard L. Fischer, partner at Morrison & Foerster. Mr. Richard’s practice focuses on retail financial services, privacy and data security. For over 35 years, he has advised a wide variety of companies, including banks, retailers, insurers, technology and other companies, across the United States on the full range of financial services, payment system, and data security issues. He also serves as Washington Counsel for Visa. He is a recognized expert on Washington legislative and regulatory issues.

Obrea O. Poindexter is Of Counsel in the Washington, D.C. office of Morrison & Foerster. Ms. Poindexter's practice focuses on financial services law. Her practice includes advising clients on: financial privacy issues relating to the Gramm-Leach-Bliley Act and the Fair Credit Reporting Act; consumer lending issues under the Truth in Lending Act and the Equal Credit Opportunity Act; electronic banking and payment system issues under the Electronic Funds Transfer Act (Regulation E) and the E-SIGN Act .

Moderator: Stuart Pratt, CDIA President and CEO

Cost**: $85 How-To-Comply Subscribers CDIA Members  
             $125 CDIA Members 
             $155 How-To Comply Subscribers Non-Members  
             $195 Non-Members & Data Furnishers/Users

Don't miss out on this exceptional opportunity to learn from leading industry expert how you can prepare your organization for this new legislation. Register Today!!!

**The price includes:
Recorded telephone conference with extensive & informative Q&A sessions
Unlimited enrollment per call-insite
A MP3 audio re-play file accessible online after the call

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Legal Disclaimer: CDIA’s teleseminar are educational in nature and do not represent legal advice. If you need legal advice, consult an attorney in your