American Bankers Association Webinar
05/26/2016 02:00 p.m. - 03:00 p.m. EDT
Banking + Financial Services, Fair Lending, Financial Institutions + Financial Services, Mortgage, Financial Services Litigation, Financial Services Enforcement, and Financial Services
Leonard N. Chanin
Of Counsel Leonard Chanin will speak on the American Bankers Association’s “Military Lending Act: A Regulation for All Banks” webinar. The Military Lending Act (MLA), for which compliance is mandatory on October 3, 2016, presents a compliance challenge for all banks. The regulation not only imposes a 36% all-in "military" APR on certain loans to military personnel and their spouses and dependents, it prohibits other, often vague terms and requires covered borrowers receive oral disclosures. Learn more about how to implement this complicated and confusing regulation.
This Briefing will focus on:
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