Leading attorney and compliance expert Michael Christians will reveal the proposed changes to the Regulation Z requirements. You will learn how to adapt before 2022 begins.
What You'll Learn
- The minimum interest charge for credit card accounts
- Safe harbor amounts for credit card penalty fees
- Points and fees thresholds for high-cost mortgages
- Loan amounts for the qualified mortgage pricing test
- Points and fees thresholds for qualified mortgages
Learning Pathway
Training Overview
Explore proposed qualified mortgage and ability to repay requirements. Prepare for Regulation Z changes.
Each year, the Consumer Financial Protection Bureau (CFPB) is required to adjust several thresholds under Regulation Z based on any annual percentage change to the Consumer Price Index (CPI). This is a year of significant CPI change, requiring dramatic adjustments and forcing your institution to take steps to comply.
- The minimum interest charge for credit card accounts
- Safe harbor amounts for credit card penalty fees
- Points and fees thresholds for high-cost mortgages
- Loan amounts for the qualified mortgage pricing test
- Points and fees thresholds for qualified mortgages
You need a clear understanding of the updates to prepare for necessary changes to your financial institution’s policies and procedures.
Who Should Attend?
- Loan officers
- Loan processors
- Marketing staff
- Compliance officers
- Auditors
- Risk management staff
- Lending department managers
Expert Presenter
Michael R. Christians
- Principal of Michael Christians Consulting, LLC
- Assists financial institutions and organizations across the country with ensuring their compliance programs conform to federal laws and regulations
- Provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes, and offers customized education and training services
- More than two decades of experience in the financial services industry
- JD from Drake University Law School
- Member of the Iowa State Bar