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CUNA to Host Webinar: Military Lending Act Part Two
Wednesday, July 5, 2017 6:45 AM

Credit Union National Association will host a special webinar, “Military Lending Act Part Two: New Credit Card Rules Effective Date October 3, 2017,” on July 13 at 11 a.m. CST. The webinar will analyze the impact of the Oct. 3 expansion of the Military Lending Act (MLA), which will add credit cards to the list of loan products governed by the regulation.

Michael McLain and Michael Christians, senior federal compliance counsels with CUNA, along with Jen Torbeck, senior manager, compliance, CUNA Mutual Group, will host the webinar. Speakers will cover the specific ways in which the MLA expansion to credit card accounts will affect your credit union’s operations.

Issues to be discussed include:

  • Determining covered borrower status and credit card accounts subject to the rule;
  • Fees and charges required to be included in the calculation of the MAPR for credit card accounts;
  • Identifying bona fide and reasonable credit card fees that may be excluded from the MAPR calculation; and
  • Mandatory disclosure requirements and product limitations.

Additionally, speakers will discuss CUNA Mutual Group’s LOANLINER MLA-compliant document solution for credit cards, which can help credit unions fulfill the new requirements.

To learn more and register for the webinar, please visit the official website.