Understand the legal obligations for credit card issuers and the common pitfalls and solutions.
We live in an increasingly cashless society, particularly so in light of COVID-19-related restrictions on cash transactions. Credit cards are ubiquitous, used daily in billions of transactions. Credit card issuers therefore continue to face threats of litigation and regulatory and enforcement scrutiny, which is only likely to increase as a result of current economic conditions stemming from pandemic. Credit card issuers are subject to extensive rules under a wide range of statutes, including the Truth in Lending Act, the Credit Card Accountability Responsibility and Disclosure Act, the Fair Credit and Charge Card Disclosure Act, and the Fair Credit Billing Act, amongst several others. This material will discuss the significant legal obligations for credit card issuers and outline common pitfalls and solutions.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Disclosure Issues
- Truth in Lending Act (TILA)
- Disclosure Requirements
- Common Violations
- Damages
- Credit Card Accountability Responsibility and Disclosure Act (CARD Act)
- Disclosure Requirements
- Common Violations
- Damages
- Fair Credit and Charge Card Disclosure Act (FCCCDA)
- Disclosure Requirements
- Common Violations
- Damages
Billing Issues
- Fair Credit Billing Act (FCBA)
- Application
- Common Violations
- Damages
- Application of State Usury Laws
- Pay-To-Pay Issues
Cyber Security Issues
- Payment Card Industry (PCI) Standards
Collections Issues
- Fair Debt Collections Practices Act (FDCPA) and State Court Analogs
- Application
- Common Violations
- Damages
- Telephone Consumer Protection Act (TCPA)
- Application
- Common Violations
- Damages
- Fair Credit Reporting Act (FCRA)
- Application
- Common Violations
- Damages
- State UDAP Statutes
- Application
- Common Violations
- Damages
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on July 29, 2021.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Benjamin E. Gordon
Horn Williamson, LLC
- Counsel in the office of Stradley Ronon Stevens & Young, LLP
- Significant first- and second-chair trial experience, with a focus on defending financial institutions against claims arising out of both consumer and commercial financial products
- Defends in state, federal, and private forums across the country, banks, mortgage lenders and servicers, student lenders, credit card companies, auto finance companies, debt collection companies, and other financial services institutions
- Certified AAA arbitrator with a focus on consumer cases
- Author of publications concerning legal issues affecting the consumer finance sector, including mortgage lending, credit reporting, and the student loan industry
- J.D. degree, Temple University, Beasley School of Law; B.A. degree, Haverford College
- Can be contacted at [email protected] or 215-564-8752
Eric M. Hurwitz
Stradley Ronon Stevens & Young, LLP
- Partner in the office of Stradley, Ronon, Stevens & Young, LLP
- Co-chair of the firm’s Financial Services Litigation practice group.
- Practice focused on defending financial institutions from claims arising out of nearly every type of consumer and commercial financial product.
- Defends both single plaintiff and class action lawsuits against banks, mortgage lenders and servicers, student lenders, credit card companies, auto finance companies, debt collection companies and other financial services institutions.
- Conducts regular seminars and workshops on numerous consumer finance topics.
- Author of publications concerning the mortgage industry, including the Fair Credit Reporting Act, Equal Credit Opportunity Act, and regulations promulgated by the Consumer Financial Protection Bureau.
- B.A., University of Texas at Austin
- J.D., Boston University School of Law
- South Jersey Biz, Best Attorneys in Business for litigation
- Contact information [email protected] or 856-321-2406
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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