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OnDemand Course

Payday Lender Legalities: Tips and Tricks for the Attorney

Gain an understanding in payday lending compliance to ensure your client or organization steers clear of lengthy litigation.

Payday lending is an industry under attack in America. Many state legislatures either have already or are in the process of limiting, if not eliminating, payday lending. The CFPB has issued its report detailing its informal proposals to regulated payday lending at the federal level. Alternative product models, such as Native American reservation lending and rent-a-charter carry with them substantial compliance hurdles. This ondemand webinar will help payday lending compliance professionals identify the risks attendant to payday lending and design compliance products. The webinar will also give payday lenders the ability to anticipate and plan for the legislative changes most likely to impact their business model in the near future. This ondemand webinar is critical for payday lenders to ensure compliant products, expand operations in a measured way, and to properly evaluate alternative product offerings.

Runtime: 106 minutes
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Why Lorman?

Over 33 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

Online Payday Lending

  • Defining Online Payday Lending and Related Loan Types
  • Store-Front vs. Online

State Law Requirements

  • In-State Office Requirements
  • Physical Check Interpretations by State Regulators
  • Audited Financial Requirements

Legislative Changes

  • Repayment Plans
  • Rate Reductions
  • Borrower Databases
  • Restrictions on Rollovers

Workarounds

  • Native American Reservation Lending
  • Rent-A-Charter
  • Product Redesign

MLA Compliance

  • Current Coverage
  • Pending Amendments

CFPB Proposal

  • Products Subject to Regulation
  • Substantive Requirements
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More Program Information

Why Lorman?

Over 33 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

This course was last revised on July 16, 2015.

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

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

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Why Lorman?

Over 33 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

Arthur J. Rotatori

Arthur J. Rotatori

McGlinchey Stafford PLLC

  • Partner in the Cleveland office of McGlinchey Stafford PLLC
  • Practice emphasizes all aspects of consumer finance and regulatory matters with particular emphasis on creating and managing multistate consumer lending programs
  • Conducts regular seminars and workshops on numerous payday, small-dollar, and installment lending for banks, mortgage companies, loan program administrators and marketers and finance companies
  • Frequent speaker at events for the National Council of Higher Education Loan Programs, Inc., the Student Loan Servicing Association's Private Loan Meetings and the Ohio Mortgage Bankers Association, and provides on-site training on a wide range of consumer credit compliance issues for clients nationwide
  • Member of the American Bar Association’s Committee on Consumer Financial Services, the Online Lenders Alliance, the Ohio Mortgage Bankers Association, and past president and former board member of the Greater Cleveland Mortgage Bankers Association
  • J.D. degree, Northwestern University School of Law; B.A. degree, summa cum laude, Case Western Reserve University
  • Can be contacted at 216-378-9932 or [email protected]
Robert Savoie

Robert Savoie

McGlinchey Stafford PLLC

  • Senior associate in the New Orleans office of McGlinchey Stafford PLLC
  • Practice regularly involves assisting state and national banks, mortgage lenders, motor vehicle sales finance companies, and small dollar lenders with substantive consumer financial services compliance and with CFPB and other governmental agency examinations and civil investigative demands
  • Conducted presentations on a wide variety of topics, ranging from debt collection issues and mortgage servicing rules for American Bar Association meetings and webinars to Servicemembers’ Civil Relief Act compliance in the context of Department of Justice examinations
  • Published articles on subjects ranging from mortgage servicing to debit card interchange fees to mortgage foreclosure compliance
  • J.D. degree, Notre Dame Law School, 2010
  • American Bar Association, member, Consumer Financial Services Committee, vice-chair of the Young Lawyers’ Subcommittee
  • Can be contacted at [email protected] or 504-596-2797
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Why Lorman?

Over 33 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.

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

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

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

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Product ID: 396118
Published 2015
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Available in Multiple Formats

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