In this session, we will examine the CFPB's broad application of its UDAAP authority. Taken together with an exploration of the CFPB's various informal guidance documents addressing debt collection issues, we will determine what constitutes a potential UDAAP violation according to the Bureau.
We will also review the Federal Deposit Insurance Corporation's (FDIC) debt collection recommendations for 1st party collectors, as well as compliance points related to the Fair Credit Reporting Act (FCRA), the Fair and Accurate Credit Transaction Act (FACTA), and the Fair Debt Collection Practices Act (FDCPA). Finally, we will explore the recent verdicts and rulings that affect how you handle slow-paying accounts.
Wednesday, February 28, 2018 - 11:00 AM - 12:30 PM ET
Upon completion of this webinar, participants will be able to:
• Understand of the circumstances leading up to current loan repayment problems
• Recognize the benefits of preparing an income statement in addition to a projected cash flow statement for agricultural operations
• Understand the magnitude of the difference between net farm income calculated using the cash basis schedule F of the income tax return and accrual-adjusted net farm income
• Learn how to access a “free” spreadsheet that can be used to prepare an accrual-adjusted income statement
• Learn comparative data sources that can be used to assess financial performance
• Learn the effectiveness of changes in operating strategies and loan terms on repayment capacity
Upon completion of this webinar, participants will understand:
• What regulations cover advertising for credit products;
• What communications are considered “advertisements”;
• What are triggering terms and triggered disclosures;
• When the Member FDIC/NCUA and Equal Housing Lender logos are required;
• Differences between advertising requirements for consumer and commercial loans; and
• UDAAP issues surrounding advertising.
Participants will understand what constitutes a well planned institutional loan policy that is in accordance with sound practices as well as regulatory requirements. You will also discover how to devise clear, precise, and meaningful procedures to audit the loan function.