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Impacts of Stage 3 of the Credit CARD Act
Click here for a PDF registration brochure.
Webinar
Presented by Indiana Bankers Association
Tuesday, July 27, 2010 - 11:00 a.m. - 1:00 p.m. EST
Program Content
We can finally see the finish line. On August 22, 2010, final rules implementing Stage 3 of the Credit CARD Act become effective. The changes here impact almost exclusively credit card issuers and servicers, but the changes affect also those who service existing credit card accounts in significant ways, especially regarding the way increases in rates may be handled.
This webinar will detail these requirements and get you prepared for what you must do to stay in compliance with the new rules.
Covered Topics:
- Credit card penalty fee provisions, including late fees, over-the-limit fees, returned check fees, and so forth
- Determining whether such fees are reasonable and proportional – consideration of various factors
- Consumer conduct factors
- Safe harbors for penalty fees
- Increases in credit card plan APRs – re-evaluations at least once every six months
- Factors to consider regarding rate increases
- Exceptions for rate increases
- Minor disclosure changes
Presenter: Carl Pry
Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Vice President and Compliance Manager for a large financial institution in Ohio. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial
institutions across the country.
Who Should Attend:
Anyone involved in credit card operations, servicing, and compliance will benefit from this session, including compliance officers, senior management, IT personnel, bank counsel, and operations, among others.
What is a Webinar?
A Webinar is a seminar that you watch on your computer, via Internet, while listening to the content through your telephone. This offers you the opportunity to have a seminar at your location without any of the travel! The registration fee of $255 allows you access to one website “seat,” one telephone site license and all hand out materials. Webinars are live and allow time throughout for questions and answers. If you are unable to attend the Webinar but would like to have this information for training purposes, you may also purchase an audio CD, handout materials and a password to view the information online.
CAN’T ATTEND THE SCHEDULED TRAINING?
ORDER THE NEW, IMPROVED CD ROM*. As an added benefit, you may purchase the entire presentation on CD Rom. NEW! The new, improved CD Rom is complete with the audio and visual presentation from the original Webinar plus participant handouts. With this CD, you will have an “off-the-shelf” training program for those that were not able to attend the live seminar and for future training purposes. Affordable, professional training, when and where you choose! *CD Rom for PC use only
Registration Fee
Webinar
$255 Member $150 Each Additional Member Location
$510 Non-Member $300 Each Additional Non-Member Location
Webinar & CD-ROM
$375 Member $750 Non-Member
CD-ROM & Handout Training Material
$255 Member $510 Non-Member
Cancellation Policy
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can also select to purchase an audio of the recorded presentation. To cancel please call Marlene Wells at the Indiana Bankers Association at 317-387-9380 or e-mail her at mwells@indianabankers.org.
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