The Military Lending Act: Compliance Challenges and Best Practices

Prepare your credit union for new MLA rules and regulatory expectations

Included in the CFPB/NCUA Compliance Webcast Series
On-Demand Webcast Available Until March 23, 2017

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The new Military Lending Act (MLA) rules take effect October 3, 2016. The new rules vastly expand the number and types of products that are subject to the MLA. Credit unions that weren't covered before must now develop rigorous MLA compliance policies and procedures—often from scratch and with little official guidance. Additionally, the new rules  expand the substantive protections under the MLA, establish a new methodology to calculate the Military APR ("MAPR"), and provide new tools to determine whether a potential consumer is a covered borrower under the MLA. Attend this webcast to learn best practices for complying with the new MLA rules and examine these changes in detail. This online training will help you identify where your credit union may have MLA risk and anticipate regulatory expectations.

Key Takeaways

  • Discover how to identify covered borrowers using government and third-party tools
  • Learn how to calculate a covered borrower's MAPR
  • Get guidance on complying with the MLA's procedural debt collection requirements
  • Creating controls to ensure compliance with the MLA
  • Identifying differences between the MLA and Servicemembers Civil Relief Act ("SCRA")
  • Establishing best practices to protect covered borrowers
  • Understanding the enforcement and litigation risks of non-compliance

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Go to the Online Training Center to access the webcast after purchase»

Earn NAFCU Certified Compliance Officer creditsNCCOwill receive 1.5 CEUs for participating in this webcast.

Earn CPE CreditsCPA credit information is below; recommended 1.5 CPE credits.

Who Should Attend?

  • Chief Operations Officers
  • Chief Risk Officers
  • Compliance, Legal, Paralegal, Attorney and Risk Staff
  • Lending Staff
  • NAFCU Certified Compliance Officers (NCCOs)
  • Certified Public Accountants (CPAs)
  • Open to all credit unions, regardless of membership or charter type!

Your Instructors

Sasha Leonardt
Sasha Leonhardt
Associate, BuckleySandler LLP

Ben Olson
Ben Olson
Partner, BuckleySandler LLP

Registration Fees

 On-Demand Version*
NAFCU Member
(Webcast Only)
$350
NAFCU Member
(Webcast + CD)
$400
NAFCU Nonmember
(Webcast Only)
$450
NAFCU Nonmember
(Webcast + CD)
$500

On-demand webcast expiration date: March 23, 2017.

*On-demand webcasts are available for up to 12 months after the live broadcast, and are included in your registration price.

CPA Certification Credit Information

  • Reviewer: Josie Collins, Education Manager, NAFCU
  • Learning Objectives: Viewers will be able to identify where your credit union may have MLA associated risks. You'll better understand the challenges in identifying covered borrowers and providing MLA protections. Join this webcast to help you anticipate regulatory expectations and enforcement risks under the new MLA rules.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE Credits: 1.5 credits
  • Recommended NASBA Credits: 1.5 credits
  • Recommended Field of Study: Regulatory Ethics

NASBA SponsorNational Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webcasts

Our webcasts are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

Refund Policy

To qualify for a refund, cancellations must be processed prior to the live webcast date. Cancellations can be processed after the live webcast date, but refunds will no longer be issued and transfers would only be considered. Please email NAFCU's Member Service Center with your request for cancellation to msc@nafcu.org.