Calling all Vermont businesses! The annual Vermont Chamber of Commerce Business and Industry Exposition (EXPO) is now accepting proposals for seminars, workshops, or panel presentations. The nineteenth annual EXPO is slated for May 21 and 22 2003, once again at the Sheraton Burlington Hotel and Conference Center.In response to business community requests, the EXPO Special Events Committee is pleased to offer Vermont businesses the opportunity to design a seminar or workshop, sharing their expertise with business professionals throughout the region. Businesses may propose a single topic presentation, or propose to organize and moderate a panel discussion on a particular topic. Presentations are to be one hour in length.Proposals must fall into the following broad theme categories:●Excellence: May include quality, best practices, workforce development and training programs, and corporate responsibility.●Innovation: May include technology topics, trends, balancing quality of life and work.●Entrepreneurship: May include small business development, thinking outside the box, basic business skills, and new business ventures.”EXPO is the state’s most high profile business-to-business venue,” noted Curtis Picard, EXPO Director. “Hosting your own hands-on self-designed workshop is a great way to showcase your knowledge and interact with attendees.” EXPO attendance continues to rise from year to year; in 2002, attendance was up 5% from 2001, to nearly 3,000 individuals.Presentation proposals must be received by the close of business on November 1, 2002. Applicants will receive notice by November 30 as to the status of their proposals. To download PDF files of the criteria for submission and an application form, visit www.vtexpo.com(link is external) and click on “EXPO 2003 Call for Presentations.”For questions or more information, please contact Delaney Meeting and Event Management at (802) 655-7769.
If your credit union is like most financial institutions, you have been spending a lot of time and money over the past year preparing for the Military Lending Act revisions that took effect earlier this month. These amendments significantly expand the scope of the regulations governing credit unions’ extension of certain consumer credit transactions to active duty members of the U.S. Armed Forces and their dependents. Most notably, the revised rules widen the definition of “consumer credit,” offer two new safe harbor tests to determine whether a borrower is a “covered borrower,” and add new oral and written disclosure requirements.With the majority of these changes going into effect Oct. 3, have you done everything you need to do to ensure compliance? Here are some suggested steps to take to make sure you are ready for these new regulations.1. Establish procedures to determine “covered borrower” status.In addition to broadening the definition of a “covered borrower,” the MLA amendments replace previous language with two new methods to conclusively determine whether a borrower is covered under the the act: (a) searching the Department of Defense’s database directly or indirectly and (b) verifying a borrower’s status using a consumer report obtained from a nationwide consumer reporting agency or reseller of consumer reports.To take advantage of either safe harbor, a credit union must make a covered borrower determination no more than 30 days prior to the initiation of the covered credit transaction or application for the covered credit account. A 60-day look-back period applies to firm offers of credit. 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »