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: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to describe the frequent types of financial conduct that regulators deem predatory.
* You will be able to discuss the related laws and strategies targeting predatory lending facing creditors and lenders.
* You will be able to identify potential claims that financial institutions may face based on practices scrutinized by regulators.
* You will be able to recognize unique scrutiny on mortgage lenders based on reasonableness to pay and antisteering laws.