Risk-Based Pricing Regulation Update: Are You Ready for the Upcoming Compliance Deadline?

10/14/2010 01:00 p.m. - 02:30 p.m. EDT

Financial Services

Webinar

Rachel De Dora
Rdedora@mofo.com
(212) 336-4011

The Risk-Based Pricing Rule is effective January 1, 2011, and requires all lenders to provide a specific notice to a consumer when the lender sets or adjusts the price and other terms of credit provided to the consumer based on the consumer's credit report. In this teleconference, you will learn the various strategies for compliance, including the special exceptions for auto lending, mortgage lenders, instant retail credit and credit card issuers.

Agenda
  • Who Is Covered by the New Requirements? 
  • Various Approaches Financial Institutions May Use to Comply With the New Requirements 
  • What Are Material Terms and How to Determine When They Are Materially Less Favorable 
  • What Is a Substantial Proportion of Your Consumers? 
  • Compliance Methods Used for Determining Which Consumers Must Receive Risk-based Pricing Notices 
  • When and How to Issue a New Risk-based Pricing Notice, Including:
    • The Required Content of the Notice
    • Form of the Notice
    • The Timing of the Notice
    • The Exceptions to Use of the Notice

Speaker

Andrew M. Smith, Partner, Morrison & Foerster LLP

Continuing Education Units

Only registered attendee will receive continuing education credit. Additional attendees can receive continuing education credits at a discounted price. Call 1-866-352-9540 for further credit information and details.

Email Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.

©1996-2018 Morrison & Foerster LLP. All rights reserved.