Program Description:
Consumer loans have some of the most complex compliance requirements in all of the financial industry. Plus there are coming proposals that could add to the regulatory burden. In this webinar, we explore the range of rules and regulations that apply to consumer lending such as credit cards, vehicle loans and so forth (rules specific to real estate lending are covered in another session). Learn what rules apply, when they apply, definitions of complex terms, as well as the penalties for noncompliance. We'll also point out many common violations to avoid.
This two-hour course covers:
- Regulation Z – Truth in Lending - coverage, disclosures and advertising requirements
- New credit card rules coming soon
- Regulation B – Fair Lending - applications, monitoring information, and adverse action
- Regulation O – Lending to Insiders - who is covered and restrictions
- Regulation U – Lending on Securities and form U-1
- Regulation AA – Unfair or Deceptive Acts - late fees, contract clauses, and cosigner notices
- Regulation BB – Community Reinvestment Act (CRA) - community development loans
- Fair Credit Reporting Act, including FACT Act changes - new rules
- Privacy and USA Patriot Act Customer Information Program requirements
- Fair Debt Collection Practices Act
Plus frequent question and answer sessions throughout this presentation.
Who Should Attend:
This interactive session will give a basic understanding of each of these rules and is imperative for anyone performing duties in consumer lending areas of the financial institution. This includes loan officers, personal bankers, supervisors, auditors, compliance officers, trainers and others working in these types of positions.
Presenter:
Carl Pry, J.D., Director of Fair Lending Compliance for KeyBank in Cleveland, Ohio. Mr. Pry provides a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.
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