View_Video_Introduction 
Printable_BrochureOn July 14, 2008 the Federal Reserve Board published final revisions to Regulation Z, which, for the most part, take effect on October 1, 2009. This program focuses on the new rules for closed-end credit, including home equity lines of credit.
Content:
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Upon completion of the program participants will understand new rules for closed-end credit including:
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Rules for discounted variable rates;
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Clear and conspicuous requirements including:
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Various media - Internet, television, radio, or other;
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Prominence and proximity rules
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Requirements for a reasonably current index and margin
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Tax implications disclosure;
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Prohibition on misleading disclosures including:
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Misleading advertising of fixed rates and payments;
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Misleading comparisons;
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Misrepresentations about government endorsements;
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Misleading use of the current lender's name;
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Misleading claims of debt elimination;
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Misleading use of the term counselor; and
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Misleading foreign language ads.
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Workshop Resources: This program covers all of the new Regulation Z advertising rules that impact closed-end credit and places the changes in context of the existing Regulation Z advertising requirements. Program participants receive a detailed manual, accompanied by a 1 hour 3 minute video webcast.
Expected Audience: The program is designed for marketing officers, compliance officers and others involved in marketing/advertising loan products.
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Speaker: Jack Holzknecht, is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. He is an experienced consultant who has provided training to thousands of bankers and examiners for twenty-eight years. He has the ability to identify the key compliance issues from each regulation. Jack's career began in 1976 as a federal bank examiner. He later headed the form and software and education divisions of a regional consulting company. |
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