Iowa Bankers Insurance & Services, Inc. Iowa Bankers Mortgage Corporation
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Event Detail

Event Description

On November 30, 2020, the Consumer Financial Protection Bureau (CFPB) issued its Advisory Opinions Policy, which sets forth procedures to facilitate the submission by interested parties of requests that the CFPB issue advisory opinions, in the form of interpretive rules, to resolve regulatory uncertainty, and the manner in which the Bureau will evaluate and respond to such requests.

The CFPB has already released Advisory Opinions that clarify:

  • The following Regulation Z issues:
    • Private Education Loans
    • Earned Wage Access Program
  • Special Purpose credit programs under Regulation B.

This 90 minute program explains the intent and purpose of CFPB Advisory Opinions and explains the content of the CFPB’s first three advisory opinions on Private Education Loans, Earned Wage Access Programs, and special purpose credit programs.

Participants receive a detailed manual that serves as a handbook long after the program is completed.

Covered Topics

  • The concept of a CFPB Advisory Opinion;
  • The advisory opinions that clarify:
    • That loan products that refinance or consolidate a consumer’s pre-existing Federal, or Federal and private, education loans meet the definition of “private education loan” in the Truth in Lending Act and Regulation Z and are subject to the disclosure and consumer protection requirements in subpart F of Regulation Z;
    • That resolves regulatory uncertainty regarding the applicability of the definition of credit under Regulation Z to certain earned wage access (EWA) programs that conform to certain material facts laid out in the Advisory Opinion; and
    • That resolves uncertainty in special purpose credit programs designed and implemented by for-profit organizations to meet special social needs.

Who Should Attend?

The program is designed for loan officers, compliance officers, loan support staff, marketing staff, auditors, and any others with responsibilities related to the origination of education loans, earned wage transactions, and special purpose credit programs.

Instructions

Live Plus Five - $265
Register for the live event and get five days access to the OnDemand Playback. You'll have opportunity to ask questions during the presentation and be free to review the content for the next five business days. Registration also includes links to presenter materials, handouts, and pdfs.

OnDemand Recording Only - $295
Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.

CD-ROM and Hardcopy Handouts - $345

CD-ROM plus Hardcopy Handouts. Does not include live session.

Live Plus Six - $365
Attend live; includes six months access to OnDemand playback. Combine the advantages of live attendance with an unlimited number of replays for the next six months.

Premier Package - $395
Includes all three options above. Live session, OnDemand Weblink, and CD-ROM plus Hardcopy Handouts.

Additional Locations
Want your branches to participate? Facilities within your organization will be able to participate without the travel costs of coming to one location.

Webinar (02/10/21 1:30PM - 3:00PM)


Online Registration

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Iowa Bankers Insurance & Services (IBIS) offers Iowa banks a full line of insurance products.

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Iowa Bankers Mortgage Corp. (IBMC) offers the products & experience Iowa banks need in the secondary mortgage market.

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