Credit Card Regulations for Compliance Professionals
Course Number: ABA
Course Code: ABA
Obtain a basic understanding of regulations specific to credit card, as well as applicable open-end credit regulations. Learn about the compliance requirements at various stages in the credit card process, along with other institutional concerns that fall outside of the process.
Updated: April 2019
What You’ll Learn
After completing this course, students will be able to:
-Describe credit card marketing requirements, including requirements under Regulation Z and Regulation B
-Explain application and solicitation requirements, including requirements for direct mail, electronic, and telephone solicitations
-Describe underwriting and account opening requirements, including verification of customer information requirements under the USA Patriot Act
-Identify account management requirements, including requirements under Regulation Z
-Describe other institutional concerns, including requirements under the Community Reinvestment Act and Right to Financial Privacy Act
Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals.