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Sponsored by Lorman Education
Product ID: 409027EAU
 
Credit & Course Provided by:

Credit Card Lending Compliance for Banks

OnDemand Webinar (59 minutes)

Understand the legal obligations for credit card issuers and the common pitfalls and solutions.We live in an increasingly cashless society, particularly so in light of COVID-19-related restrictions on cash transactions. Credit cards are ubiquitous, used daily in billions of transactions. Credit card issuers therefore continue to face threats of litigation and regulatory and enforcement scrutiny, which is only likely to increase as a result of current economic conditions stemming from pandemic. Credit card issuers are subject to extensive rules under a wide range of statutes, including the Truth in Lending Act, the Credit Card Accountability Responsibility and Disclosure Act, the Fair Credit and Charge Card Disclosure Act, and the Fair Credit Billing Act, amongst several others. This material will discuss the significant legal obligations for credit card issuers and outline common pitfalls and solutions.

Authors

Benjamin E. Gordon, Stradley Ronon Stevens & Young, LLP Eric M. Hurwitz, Stradley Ronon Stevens & Young, LLP

Agenda

Disclosure Issues

• Truth in Lending Act (TILA)

- Disclosure Requirements

- Common Violations

- Damages

• Credit Card Accountability Responsibility and Disclosure Act (CARD Act)

- Disclosure Requirements

- Common Violations

- Damages

• Fair Credit and Charge Card Disclosure Act (FCCCDA)

- Disclosure Requirements

- Common Violations

- Damages

Billing Issues

• Fair Credit Billing Act (FCBA)

- Application

- Common Violations

- Damages

• Application of State Usury Laws

• Pay-To-Pay Issues

Cyber Security Issues

• Payment Card Industry (PCI) Standards

Collections Issues

• Fair Debt Collections Practices Act (FDCPA) and State Court Analogs

- Application

- Common Violations

- Damages

• Telephone Consumer Protection Act (TCPA)

- Application

- Common Violations

- Damages

• Fair Credit Reporting Act (FCRA)

- Application

- Common Violations

- Damages

• State UDAP Statutes

- Application

- Common Violations

- Damages