Prepare for FCRA Rules Now: Steer Clear of Penalties for Noncompliance Under Multiple Regulations

Webinar

11 AM CT

Presenter: Kenneth Agle

Duration: 1 hour

Price: $249 / $199 for Affiliation Members

New Year’s Day 2011, about 75 days from now, you’ll need to have your pricing promotions in compliance with the Fair Credit Reporting Act (FCRA) requirements (the ones based on the risk-based pricing provisions under the Fair and Accurate Credit Transaction Act (FACT Act)). Otherwise, you’ll be out of compliance and could end up subject to penalties for violations beyond FCRA: think unfair and deceptive acts and practices (UDAP) regulation and its impact on community reinvestment requirements.

This webinar focuses on what the requirements will mean for your web-based pricing efforts, marketing efforts, internal promotional efforts and potential carryovers to Fair Lending. Training will cover such topics as:

• The who, what, where, why and when for training lending personnel within your institution and how to avoid technical violations from not understanding terms and definitions
• Why determining loan purpose is becoming an important key for both FCRA as well as other areas of compliance
• Understanding the FCRA notification matrix as it relates to the pricing matrix and other required notification methods and associated nuances
• How this new section of FCRA will expand the discussion on pricing outcome on Fair Lending and how you can take steps now to enhance your fair lending program related to both the new requirements as well as existing rules
• How the rule will affect almost every institution regardless of size and strategic lending focus

Attendees will receive sample notices, training materials, and an audit guide for evaluating your institution’s risk and completing an assessment of performance.

BIO: Kenneth Agle

President/CEO, Counter Risk Group

As President/CEO of Counter Risk Group, Mr. Agle brings over 20 years of banking experience covering numerous facets of banking operations. Mr. Agle specializes in strategic regulatory response and in developing and implementing both proactive and reactive tools and systems to preempt and resolve issues affecting today’s financial institution. Prior to launching his own consulting firm, Mr. Agle had been a bank examiner with the FDIC. As a commissioned examiner, Mr. Agle was principally involved in numerous examinations, including Safety and Soundness, Compliance, BSA, IT and Trust.

Continuing Professional Education Credit

Delivery Method: Group Internet-based       CPE Credits: 1
Program Level: Overview       Prerequisites: None       Advance Preparation: None

Sheshunoff Consulting + Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasbatools.com.

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