Necessary compliance revisions have been made to the Compliance University™ courses detailed below:

FDIC Deposit Insurance (bank version only)

Revisions were made in response to final regulations issued under the Federal Deposit Insurance Reform Act of 2005.

1. The following chapters were revised to reflect the increase in insurance coverage from $100,000 to $250,000 for IRAs and Keoghs.

Account Categories
- Overview
- Review exercise
- Review Recap
Other Account Categories
- Retirement Plans, page 2 of 6
- Review Recap, page 4 of 5
Wrap Up
- Getting It Right…, page 1 of 4
Attachment, FDIC Insurance Coverage—At a Glance
Attachment, FDIC Account Categories Worksheet

2. Other Account Categories—Retirement Plans, page 4 of 6—was revised to reflect the elimination of the conditions on a financial institution’s ability to offer “pass-through” coverage on retirement plans.

3. The name of the chapter formerly titled Public Unit Accounts was changed to Accounts Held by Government Depositors to reflect the term now used in the Federal Deposit Insurance Corporation (FDIC) regulations.

NCUA Insurance (credit union version only)

Revisions were made to the National Credit Union Administration (NCUA) Insurance course in response to final regulations issued under the Federal Deposit Insurance Reform Act of 2005.

1. The following chapters were revised to reflect the increase in insurance coverage from $100,000 to $250,000 for IRAs and Keoghs.

Account Categories
- Overview
- Review exercise
- Review Recap
Wrap Up
- Getting It Right…, page 1 of 4

2. The description of insurance coverage for employee benefit plans was expanded. The NCUA regulation now is roughly the equivalent of the FDIC regulation in this area.

3. The name of the chapter formerly titled Public Unit Accounts was changed to Accounts Held by Government Depositors to reflect the term now used in the NCUA regulations.

Advertising Compliance (bank and credit union versions)

These amendments have been incorporated to the Miscellaneous Rules chapter—No-Fax Rule, pages 2 and 3—

1. Effective August 1, 2006, the Federal Communications Commission revised its “no-fax” regulation regarding whether or not a sender of an unsolicited fax advertisement needs the written permission of the recipient if the sender and receiver have an “established business relationship.”

2. A new rule requires the sender to respond “in the shortest reasonable time, not to exceed 30 days,” to a request by the recipient that no more faxes be sent.

Flood Insurance (bank and credit union versions)

The federal government issued a revised version of the Special Flood Hazard Determination form. Since our courses include the form, we replaced the existing document with the newly revised version.

Truth-in-Savings Act (credit union version only)

The NCUA issued final regulations relating to overdraft plans—replacing interim regulations that were already in place. The interim regulations established July 1, 2006, as the mandatory compliance date, whereas final regulations extended the mandatory compliance date to October 1, 2006. The text of the course has been changed to reflect the new date.

For more information, please contact your Wolters Kluwer Financial Services Account Representative, call 1-800-552-9410, or visit www.WoltersKluwerFS.com.

Sincerely,

Wolters Kluwer Financial Services