queue_play_next Webinars

A look at finance charges, APR and amount financed – a refresher

date_range April 8th at 2:00pm EDT
Registration ends at midnight the night before event (April 8th at 12:00am EDT).

The Truth In Lending Act (TILA) is a federal law that was enacted in 1968 to protect consumers and instruct lenders on what information must be disclosed. Since 1968 the industry has grappled with understanding what is or isn’t a finance charge…when do they apply? How is the amount financed calculated?

While we been dealing with all of this since we plunged into the lending waters, it is never a bad thing to take the opportunity to refresh our knowledge or gain additional insights.

What You Will Learn:

  • Various finance charges
    • What is always a finance charge
    • What may be a finance charge
    • What is never a finance charge
  • How the finance charge effects the APR
  • APR tolerances
  • How to properly calculate the amount financed

Who Should Attend: Compliance Officers, Auditors, Lending Staff, Operations Staff, and interested parties.  


Presenter:

  • Diane Banks
    • Diane Banks
    • Diane has over 25 years of banking experience with a focus in consumer lending, deposit operations, loans to insiders and state of Maryland regulatory compliance law. She has helped clients develop regulatory compliance programs and successfully eliminate regulatory compliance findings. Diane is currently the team lead and project manager for Capco Academy. In this role, Diane oversees all development and delivery of regulatory training, webinars, seminars and workshops. Diane serves as one of the lead trainers for all regulatory agencies and custom training for Capco Academy. She brings to the training experience a unique blend of regulatory knowledge, regulatory audit experience and a natural sense of humor. This unique blend allows the audience to learn the practical aspects of regulatory consumer compliance and the field audit application of the regulations in a manner that is relaxing and enjoyable. Prior to transferring and assuming the responsibility for regulatory training, Diane served as Assistant Director in the mid-Atlantic region, including Maryland, Washington, DC., Delaware and Virginia. The team included experienced regulatory compliance and subject matter experts who worked in cooperation with various financial institutions of all sizes to deliver expert regulatory compliance consulting, training, audit, monitoring and risk assessment services. Diane also serves as Capco's credit union expert and is frequently called upon to assist broader Capco with credit union matters.