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Speaker: David Reed
The risk of a consumer protection lawsuit against your credit union has never been higher. Headlines are filled with the latest wave of class action lawsuits filed by an aggressive horde of highly trained compliance attorneys looking to turn your smallest error into a huge payday. Do you know the most likely target of a lawsuit? Are you prepared? This session will review current credit union litigation trends and identify key components of an effective lending compliance management system.
Speakers: Tracy Blaske
The NCUA's credit union examination focuses much in part on how a credit union is complying with specific consumer lending regulations in terms of consistent application, associated policies, procedures, disclosures, and exceptions. The penalties of non-compliance are expensive and devasting to the credit unions reputation and safety & soundness. Technology, available to your credit union, can help you manage the complicated world of consumer lending regulations, avoid common mistakes, and prepare for your next examination.
During this session you will learn how powerful features of compliance management technology such as workflow, risk/controls assessment, life-cycle management, compliance testing, and exception management can drive your consumer lending compliance to a new level.
It is important to remember that Fair Lending requirements cover every element of your operations, from advertising to collections and underwriting to third party vendors. The Consumer Financial Protection Bureau and NCUA continue to issue Fair Lending guidance as a prelude to increased examination scrutiny. Unfortunately, “consumer protection” attorneys are also taking notice of this potentially profitable area. You don't want to be caught ill prepared for the new compliance realities. You need to understand the logic and limits of Fair Lending requirements in order to ensure your team is prepared.
Like it or not, a seemingly endless number of laws, rules and regulations impact every single element of your lending program. From advertising to underwriting and portfolio concentration to disclosures, your credit union needs an effective program to maximize compliance and minimize risk. Join compliance expert and credit union attorney David Reed as he offers five effective methodologies to ensure compliance is fully plugged into your lending process. Can you afford to miss this one?
Speaker: Eric North
Auto lending continues to be a great way for credit unions to serve members and generate revenue, but doing it right requires knowing and taking steps to avoid legal problems that can adversely affect that service and cut into that revenue. Eric North has been involved in auto lending from all angles---as an attorney for credit unions, an attorney for auto dealers, finance manager for auto dealers, and as a lender---and will talk with participants about how to prevent or deal with common legal problems that arise in direct and indirect lending.
Lawsuits continue to be filed against credit unions and others based on the use of “auto dialers” and violations of the Telephone Consumer Protection Act. Join this session to learn about the latest important court decisions that interpret this complex law and to discuss how to comply with it.
Growing your loan portfolio is great---but only if your loans can be collected. Recovering money loaned begins with the lending department; by the time an account gets to collections it already is in trouble. During this session, participants will talk about little things lenders can do (without sacrificing loan growth) to improve chances the loans they make can be collected-even in bankruptcy cases!
The law is an evolving thing, and it is important for lending and compliance professionals to stay up-to-date on what has happened and what is on the horizon. During this session, Eric North will discuss the recent developments you need to know about.
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Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.
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ADA Compliance Notice & Legal