Reg Z Credit Cards
Course Number: ABA
Course Code: ABA
Includes the key provisions of the CARD Act and how it protects consumers from unexpected interest charges. Requires that consumers receive a reasonable amount of time to make their credit card payments, enhances required disclosures, and allows consumers to access credit on terms that are fair and more easily understood.
?Updated: January 2019
What You’ll Learn
After completing this course, students will be able to:
-Identify the key points in the credit card account rule
-Examine the restrictions of interest rate increases
-Examine the limitations set on fees and penalty interest
-Identify the reasonable due date rules for payment deadlines
-Identify requirements for periodic statement disclosures.
Audience: Consumer Lenders, Call Center Representatives and CSRs at banks that offer consumer credit cards.
Prerequisites: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.