Credit Cards Added to MLA: Compliance Webinar Posted by Association of Vermont Credit Unions on 12:14 PM

New credit card rules for the Military Lending Act go into effect on October 3, 2017.  To help with compliance, CUNA is hosting a webinar on July 13 at 12 noon.  The webinar will analyze the impact of the expansion of the Military Lending Act (MLA) to include credit cards.

Featured speakers for the webinar include:

• Michael McLain, senior federal compliance counsel, CUNA
• Michael Christians, senior federal compliance counsel, CUNA
• Jen Torbeck, senior manager, compliance, CUNA Mutual Group (moderator)

Webinar issues include:

• Determining covered borrower status and those credit card accounts subject to the rule;
• What fees and charges are required to be included in the calculation of the military annual percentage rate (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.
• CUNA Mutual Group’s LOANLINER MLA-compliant document solution for credit cards, which can help credit unions fulfill the new requirements.

Read more details and register online.