Recent CFPB Advisory Opinions Webinar

On November 30, 2020, the Consumer Financial Protection Bureau (CFPB) issued its Advisory Opinions Policy, which sets forth procedures to facilitate the submission by interested parties of requests that the CFPB issue advisory opinions, in the form of interpretive rules, to resolve regulatory uncertainty, and the manner in which the Bureau will evaluate and respond to such requests.

The CFPB has already released Advisory Opinions that clarify:

  • The following Regulation Z issues:
    • Private Education Loans
    • Earned Wage Access Program
  • Special Purpose credit programs under Regulation B.

This 90 minute program explains the intent and purpose of CFPB Advisory Opinions and explains the content of the CFPB’€™s first three advisory opinions on Private Education Loans, Earned Wage Access Programs, and special purpose credit programs.

Participants receive a detailed manual that serves as a handbook long after the program is completed.

Covered Topics

  • The concept of a CFPB Advisory Opinion;
  • The advisory opinions that clarify:
    • That loan products that refinance or consolidate a consumer’€™s pre-existing Federal, or Federal and private, education loans meet the definition of ‘€œprivate education loan’€ in the Truth in Lending Act and Regulation Z and are subject to the disclosure and consumer protection requirements in subpart F of Regulation Z;
    • That resolves regulatory uncertainty regarding the applicability of the definition of credit under Regulation Z to certain earned wage access (EWA) programs that conform to certain material facts laid out in the Advisory Opinion; and
    • That resolves uncertainty in special purpose credit programs designed and implemented by for-profit organizations to meet special social needs.

Who Should Attend?

The program is designed for loan officers, compliance officers, loan support staff, marketing staff, auditors, and any others with responsibilities related to the origination of education loans, earned wage transactions, and special purpose credit programs.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

View Delivery Options

Related Topics

Instructor

Jack Holzknecht
Jack Holzknecht

Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 45 years. In 40 years as a trainer over 150,000 bankers (and many examiners) have part... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
Recent CFPB Advisory Opinions0.25 Any AnyWebinarSix Month On-Demand Recording Jack Holzknecht$295.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

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