Program Description:
This course covers the key aspects of 16 regulations
important to the role of a consumer lender in most
financial institutions.
After Completing this Course, Students Will Be Able to:
- Address the role consumer lenders play in security
(BSA, USA PATRIOT Act, OFAC)
- Discuss deposit-related regulations (Reg E preauthorized
transfers and Reg D reserve requirements)
- Describe who is covered by Regulation O
- Provide FCRA information specific to consumer
lending
- Explore the relationship between unfair treatment and illegal discrimination (Fair Lending)
- Describe flood insurance requirements (Flood Disaster Protection Act)
- Describe HMDA and CRA reporting requirements
- Describe privacy requirements
- Identify RESPA disclosures and activities prohibited by RESPA
- Discuss the purpose of the Servicemembers Civil Relief Act
- Describe the types of loans and disclosures covered by Reg Z
- Implement the Credit Practices Rule of Unfair or Deceptive Acts or Practices (Reg AA).
Who Should Attend:
Consumer lenders who must demonstrate a thorough
understanding of the laws and regulations that affect
consumer lending products
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