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Implementing the Fair Debt Collection Practices Act and Regulation F

This program provides a review of both parts of the final Regulation F. The rules apply directly to financial institutions if the institution is collecting a debt owed to a third party or is collecting its own debt, but is using a different name.

OnDemand
Recorded Wednesday,
February 16th, 2022
Presented by Jack Holzknecht
2h total length
2.5 CRCM Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Lending
  • Bank Legal Counsel
  • Board Member
  • Compliance Officer
  • Internal Auditor
  • Loan Operations Manager/Specialist

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This program provides a review of both parts of the final Regulation F. The rules apply directly to financial institutions if the institution is collecting a debt owed to a third party or is collecting its own debt, but is using a different name. UDAAP and state law make FDCPA principles directly applicable to a financial institutions collecting its own debt. Financial institutions also have vendor management issues that arise when using third-party collectors. Failure to follow the rule when collecting debt in any of these scenarios can result in violations of Regulation F, UDAAP, or state law.

What You'll Learn

  • When a financial institution is covered by the Fair Debt Collection Practices Act and Regulation F;
  • Prohibitions regarding communication:
    • At unusual or inconvenient times or places;
    • With a consumer represented by an attorney;
    • With a consumer with a consumer at his/her place of employment;
    • After a consumer refuses to pay or provides a cease communication notice;
    • With third parties;
    • Rules regarding acquisition of location information;
  • Prohibitions regarding:
    • Harassing, Oppressive, or Abusive Conduct;
    • False, Deceptive, or Misleading Representations or Means;
    • Unfair or Unconscionable Means;
    • Collection of Time-Barred Debts;
    • Validation Notices;
    • Disputes and Requests for Original-Creditor Information;
  • Required Disclosures; and
  • Electronic Disclosure Options.

Who Should Attend

The program is designed for senior lending management, collection personnel, loan officers, compliance officers, and auditors. Whether new to the requirements of FDCPA and Regulation F or a seasoned veteran, this program provides a comprehensive review of the revisions.

Jack Holzknecht

Instructor Bio

Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 44 years. In 39 years as a trainer over 147,000 bankers (and many examiners) have participated in Jack's live seminars and webinars. Jack's career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by a number of state bankers associations. As a contractor, he developed and delivered compliance training for the FDIC for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association.

Continuing Education Credit Information

Implementing the Fair Debt Collection Practices Act and Regulation F has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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