Loading Events

« All Events

  • This event has passed.

The CFPB and Making Private Campus Institutional Loans

July 15, 2015

Jul 15 The CFPB and Making Private Campus Institutional Loans

1st half: Discussing the Student Loan Ombudsman’s REPORT and the bureau’s current and future interest in Private Student Lending by non-profit and for-profit colleges and Universities along with:
The purpose and authority of the Consumer Financial Protection Bureau
The emerging Student Loan ‘bubble’
Lender violations enforced by the CFPB
The bureau’s desire participation by Private Student Loan Lenders
An insight into the Student Loan Ombudsman, Rohit Chopra

2nd half: A step by step look at originating Private Campus Institutional Loans including Disclosures, Issuing Loans and Compliance.

Disclosures:

  1. Initial offering
  2. 1st disclosure
  3. 30 day notice
  4. 3 day notice

Issuing Loans:

  1. Borrower self-certification
  2. Promissory notes

Compliance:

  1. Truth in Lending Act
  2. Regulation Z
  3. FACT Act
  4. CFPB Checklist

Details

Date:
July 15, 2015
Event Categories:
,