CFPB Payday Lending Rule

Review the new payday lending requirements and how they impact your credit union

On-Demand Webcast Available Until December 12, 2018

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The Consumer Financial Protection Bureau (CFPB) has issued its payday lending rule that renders certain lending and collection practices unfair and abusive. In addition to these provisions, there are new disclosure requirements. Credit unions are required to structure compliance programs and record retention provisions for various loans including:

  • covered short-term loans
  • covered long-term balloon payment loans, and
  • covered longer-term high-cost loans

Join this webcast for an overview of the new requirements and what they mean for your credit union.

Key Takeaways

  • Learn critical details of the new payday lending requirements
  • Assess the ability to repay loans according to the Payday Lending rule provisions
  • Learn what this rule will mean for your credit union’s short-term lending program
  • Discover how to structure effective short-term loan programs outside of this rule

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Already registered? Go to the Online Training Center to view live.

Who Should Attend?

  • Lending staff
  • Risk and compliance staff
  • Attorney staff
  • Open to all credit unions, regardless of membership or charter type!

Your Instructor

Veronica Madsen
Veronica Madsen
Attorney, Howard & Horward

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: December 12, 2018.

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

Education Credits

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

NCRM logo NCRMs can earn 1.5 CEUs for participating in this webcast.

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

CPA Certification Credit Information

  • Reviewer: Josie Collins, Education Manager, NAFCU
  • Learning Objectives: Join this webcast to gain an overview of the new payday lending rule requirements, and learn what this rule will mean for your credit union’s short-term lending program. You’ll be able to determine the ability to repay covered short-term loans and covered longer-term balloon payment loans, and know how to structure a short-term loan programs outside of this rule without evading its requirements.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE 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.