Description
35min | Credits: 0.75 CRCM
Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.
Includes the key provisions of the CARD Act and how it protects consumers from unexpected interest charges. Requires that consumers receive a reasonable amount of time to make their credit card payments, enhances required disclosures, and allows consumers to access credit on terms that are fair and more easily understood.
Audience: Consumer Lenders, Call Center Representatives and CSRs at banks that offer consumer credit cards.
Learning Objectives
After completing this course, students will be able to:
- Identify the key points in the credit card account rule
- Examine the restrictions of interest rate increases
- Examine the limitations set on fees and penalty interest
- Identify the reasonable due date rules for payment deadlines
- Identify requirements for periodic statement disclosures
Prerequisites: Reg Z Overview
This course is part of the ABA Frontline Compliance program.