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OnDemand Course

Credit Card Lending Compliance for Banks

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.

59 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on July 29, 2021.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.0
     
  • This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.0
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Benjamin E. Gordon

Benjamin E. Gordon

Horn Williamson, LLC

  • Counsel in the office of Stradley Ronon Stevens & Young, LLP
  • Significant first- and second-chair trial experience, with a focus on defending financial institutions against claims arising out of both consumer and commercial financial products
  • Defends in state, federal, and private forums across the country, banks, mortgage lenders and servicers, student lenders, credit card companies, auto finance companies, debt collection companies, and other financial services institutions
  • Certified AAA arbitrator with a focus on consumer cases
  • Author of publications concerning legal issues affecting the consumer finance sector, including mortgage lending, credit reporting, and the student loan industry
  • J.D. degree, Temple University, Beasley School of Law; B.A. degree, Haverford College
  • Can be contacted at [email protected] or 215-564-8752
Eric M. Hurwitz

Eric M. Hurwitz

Stradley Ronon Stevens & Young, LLP

  • Partner in the office of Stradley, Ronon, Stevens & Young, LLP
  • Co-chair of the firm’s Financial Services Litigation practice group.
  • Practice focused on defending financial institutions from claims arising out of nearly every type of consumer and commercial financial product.
  • Defends both single plaintiff and class action lawsuits against banks, mort-gage lenders and servicers, student lenders, credit card companies, auto finance companies, debt collection companies and other financial services institutions.
  • Conducts regular seminars and workshops on numerous consumer finance topics.
  • Author of publications concerning the mortgage industry, including servic-ing regulations promulgated by the Consumer Financial Protection Bureau and standing challenges to foreclosures.
  • B.A., University of Texas at Austin
  • J.D., Boston University School of Law
  • New Jersey Law Journal, 40 under 40, comprised of the top 40 young pro-fessionals in the New Jersey legal community
  • South Jersey Biz, Best Attorneys in Business for litigation
  • Contact information [email protected] or 856-321-2406
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
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  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409027
Published 2021
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Available in Multiple Formats

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