CFPB Controls on Rate Spread Yields in Indirect Auto Lending webinar
05.17.2016 - 05.17.2016 (lending)
11:00 AM-12:15 PM CDT Online via Adobe Connect
Is your indirect auto lending program in compliance with the Consumer Financial Protection Bureau (CFPB)? Join attorney Frank Drake as he discusses questions related to CFPB scrutiny of auto lending programs and lending compliance issues, including:
- How can a rate spread be (unwittingly) misused by a car dealer to trigger an Equal Credit Opportunity violation?
- What is the CFPB’s attitude regarding consumer lenders offering dealers yield spreads on car loans instead of single, flat commissions regardless of contract terms?
- What competitive advantage is lost to other lenders who are not presently scrutinized by our “Regulatory Friends”?
- What are the “wages of sin” for those credit unions found to be clinging to yield spreads instead of flat commissions?
All these compliance heartaches and more will be covered in this webinar.
Who Should Attend
This webinar is beneficial for credit union lenders, compliance professionals and anyone in the indirect lending department. Affiliation with CUNA/League is required for attendance.
Cross Council Event Schedule