Description
Learn about the different types of conduct that may be scrutinized as predatory, and how to mitigate such risk.Financial services companies face an everincreasing regulatory, enforcement, and litigation environment, and claims for predatory lending are at the center of this risk. While perhaps poorly defined, predatory lending is any practice where the borrower is taken advantage of by the lender. This program will discuss the latest laws and regulations pertaining to predatory lending, including an overview of commonly challenged practices, usury laws, state and federal UDAAP statutes, and unique issues related to the origination of residential mortgage loans. Upon completing the course, you will be able to analyze different types of conduct that may be scrutinized as predatory, and how to mitigate such risk.
Date: 2023-11-20 Start Time: End Time:
Learning Objectives
Overview of Predatory Lending
• Common Definitions
• Companies Under Heightened Scrutiny
Unfair, Deceptive or Abusive Acts or Practices (UDAAP)
• Overview of UDAAP and Applicable Standards
• CFPB and Consumer Financial Protection Act
• Survey of Violations Identified by the CFPB and State Attorney General
Usury Law
• Civil V. Criminal
• Varies From State to State
• Usury Limitations
Residential Mortgages
• Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act)
• Mortgage Reform and Anti-Predatory Lending Act
• Reasonable Ability to Repay and Anti-Steering
• Safe Harbor for Qualified Mortgages
• Appraisal Inflation
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Eric M. Hurwitz-Stradley Ronon Stevens & Young, LLP, Lauren Valle – Stradley Ronon Stevens & Young Llp
