Carl Pry
Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior 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.
Tuesday, July 27th, 2010
10:00 am
-
12:00 pm CT
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
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.
