Fundamentals of Consumer Lending
5 week Online course

Registration Deadline is one week prior to start date

Member Price: $250
Nonmember Price: $315
General Information on Online Courses
Questions? Contact Susan Clark at the IBA

Course Description:
Fundamentals of Consumer Lending covers the basics of consumer credit including terminology, categories of credit, credit worthiness. Students will learn the applications process and the actions required to ensure bank compliance with regulations. By the end of the course, students should have a higher comfort level with consumer credit and feel an increase in credibility when interacting with clients who apply for consumer credit.

Audience:
Any bank personnel with little or no experience in consumer lending.

Learning Objectives:
After successfully completing this program, you'll be able to:

• Describe consumer credit basics including examples of consumer credit, the consumer credit operations of a bank, and the credit application process.
• Define basic categories of consumer credit and terminology
• Explain how banks make money from loans including which rate types banks use, which factors determine loan pricing, and which loan cost categories affect loan profitability
• Describe the credit evaluation and decision-making systems, namely the five C's of Credit and credit scoring
• Summarize the impact of bank regulations upon the credit application process.

Course Credits:
AIB:0.5
ICB:7.25 CLBB
CEU:0.5