Share This Page:

Email

CARD Act Changes to Reg Z Webinar

The Credit CARD Act is a major piece of legislation that will have far-reaching effects on the credit card industry, of course, but even if you don’t offer credit cards, there are provisions that will (or already do) impact your lending operations. Several of the Act’s provisions cover other types of open-end credit accounts, including non-real estate lines and even HELOCs.

 The Credit CARD Act rules are being implemented within Regulation Z in 3 stages; the first set of rules are already effective, requiring new change-in-terms requirements as well as at least 21 days between delivering periodic statements and a payment due date.

The second and third stages (that will take effect this coming February and August) require changes in many areas, from rate and fees assessments to new disclosure requirements. There are also new restrictions on marketing to college students. How will all these changes affect your institution? We’ll address all the changes the Credit CARD Act contains in this webinar, and lay them out in an easy-to-understand format, so you’ll know exactly what the changes are and when they’re going to happen.

 In This Webinar, We’ll Address the Details of the CARD Act, Including:

• New change in terms provisions for rate increases in “significant changes” (already effective)
• Length of billing period and late payment fees (already effective)
• Restrictions on rate increases
• Newly-prohibited practices, such as universal default and two-cycle billing
• Required periodic reconsideration of rate increases
• Promotional rate and fee increase timing requirements
• Opt-in requirements for over-the-limit charges
• Other fee limitations, such as method of payment and reasonable penalty fees
• Application of payments to high-rate balances first
• Consideration of cardholders’ ability to repay
• New disclosure requirements, including minimum payment and payment due dates
• Restrictions on credit card offers to those under 21 and college students
• New requirements to post cardholder agreements on the Internet
• Other provisions affecting gift cards, FCRA, Reg. E, and others

Schedule and Registration Information

Choose the delivery type that best suits your needs.  Tuition includes textbook (if applicable).
Webinar times are EST.  All other class times are local time.

• Current Schedule
• Registration Information
• Print this Page
• Continue Search