CONSUMER CREDIT COMPLIANCE LAW
This course is designed for students who have a foundational understanding of contract law, business law, and commercial transactions. The course focuses on providing students with a comprehensive understanding of consumer credit laws and regulations that pertain to financial institutions, credit card companies, and other entities offering credit to consumers. Topics include the Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), Fair Debt Collection Practices Act (FDCPA), and the regulations overseen by the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC).
Understand and be able to explain major federal and state consumer credit laws.
Develop practical skills to ensure compliance with these laws.
Understand the role and functions of the CFPB, FTC, and other relevant agencies.
Be able to navigate and interpret regulations and guidance documents.
Gain the skills to assess and manage risks associated with consumer credit.
Understand the implications and handling of violations and enforcement actions.
Develop critical thinking skills in the application of laws and regulations to complex consumer credit issues.