Legal expert Daniel Cotter will distill the essential details of the CFPB June 16 interpretive rule. You will discover the impact of the resumption of MLA investigations and learn how to prepare.
What You'll Learn
- What does the Military Lending Act cover?
- Who is subject to the MLA?
- What does the CFPB’s change in position mean for your institution?
- How should you prepare now for examinations to resume?
Training Overview
Prepare now for the CFPB to resume Military Lending Act examinations. Learn how the June 16 rule will affect your institution.
On June 16, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule that asserts its authority to resume examinations regarding the Military Lending Act (MLA). After a three-year hiatus, these examinations will target not only predatory lenders but other banks and credit unions with over $10 billion in assets that may make errors in working with military families.
You need to understand if and how these examinations will affect your institution. Since they will likely begin immediately, it is critical to evaluate MLA compliance and mitigate any violations.
- What does the Military Lending Act cover?
- Who is subject to the MLA?
- What does the CFPB’s change in position mean for your institution?
- How should you prepare now for examinations to resume?
Who Should Attend?
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Chief executives
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Board members
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Senior management
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Compliance officers
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Auditors
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Managers
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Loan officers
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Loan processors
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Marketing staff
Expert Presenter
Daniel Cotter
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Attorney and counselor with Howard & Howard in Chicago, Illinois
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Spent almost 17 years in-house at insurance organizations, focusing on insurance, regulatory, technology, IT, compliance, and transactional matters
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Worked as an accountant at CAN Financial for over five years
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Previously an adjunct professor at The John Marshall Law School, teaching Insurance Law, Accounting for Lawyers, and SCOTUS Judicial Biography
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Completed the Illinois CPA exam
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Author of The Chief Justices, published in 2019
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B.A. in accounting from Monmouth College
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Graduated from The John Marshall Law School