CARD Act: Navigating the Complex New Rules for Credit Card Lending
Meeting Regulatory Demands for Disclosure, Notice, Billing and Interest Rates
Recording of a 90-minute CLE webinar with Q&A
Conducted on Tuesday, October 13, 2009
Recorded event now available
This seminar will review the full spectrum of changes for credit card issuers under the newly passed CARD Act, which escalates and increases the new Federal Reserve regulations on credit card practices. The panel will outline best practices to comply for financial institutions and their counsel.
The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires profound changes for the credit card industry. The Act restricts interest rate increases, application of payments, and other common practices like universal default and double-cycle billing.
The CARD Act provisions are broader and stronger than regulations adopted by the Federal Reserve last year. Further, while the Federal Reserve's regulations didn't go into effect until summer 2010, some of the major CARD provisions are effective as soon as February 2010.
Practitioners representing banks and other credit card issuers must have a thorough understanding of these sweeping changes to the credit card industry practices as they guide clients in the rebuilding of their existing credit card models.
Listen as our panel of attorneys discusses this dramatic overhaul of the credit card industry and best practices to comply with these changes now.
- Overview of CARD provisions
- Financial institutions affected
- Prohibited practices
- Interplay between CARD Act and Federal Reserve regulations
- Best practices for compliance
The panel will review these and other key questions:
- What is the immediate impact of the CARD Act for banks and other credit card issuers?
- How are the CARD Act and the Federal Reserve regulations changing permissible practices in credit card lending?
- How do the CARD Act provisions alter—or work with—the Federal Reserve’s credit card regulations?
Beth S. DeSimone, Counsel
Arnold & Porter,
She structures and negotiates mergers and acquisitions and investments of financial services companies. She specializes in establishing new financial institutions and nonbank subsidiaries. She assists in structuring and resolving issues with new card products, including international remittance cards, payroll cards, government benefit cards, health savings account cards, and gift cards.
Michael B. Mierzewski, Partner
Arnold & Porter,
He concentrates his practice on financial institutions and corporate and securities law. In addition to bank merger and acquisition counseling, he routinely counsels clients on fair lending, Community Reinvestment Act, payment systems, enforcement, and general regulatory issues. He has conducted scores of sensitive internal investigations for a wide variety of financial services companies.
Ahmad Hajj, Attorney
Arnold & Porter,
He represents financial institutions, broker-dealers and hedge funds on a variety of matters including banking and securities regulatory issues and mergers and acquisitions. His practice includes representing clients in investments in securities, commodities, futures contracts, and other derivatives. He also represents financial institutions in litigation involving various federal regulatory issues.
On-Demand CLE - Streaming Audio
Our best recorded option for CLE accreditation. Includes recorded streaming audio of full program plus PDF handouts.
Strafford is an approved provider and can request CLE credit for On-Demand programs in the following states. (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)
AK, AZ, CA, CO, DE, FL, GA, HI, IA, ID, IL, IN*, KS, KY, LA, ME, MN, MO, MT, NC, ND, NH**, NJ, NM, NV, NY, OH*, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY
*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.
**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.
On-Demand CLE Audio $297.00
Includes full event recording plus handouts.
Strafford is an approved provider and self-study CLE credit is available in the following states.
AK, AZ, CA, CO, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)
Strafford will process CLE credit for one person on each recording.
Recorded Webinar Download $297.00
Recorded Audio Download (MP3) $297.00
Strafford webinars offer several options for participation: online viewing of speaker-controlled PowerPoint presentations with audio via computer speakers or via phone; or audio only via telephone (download speaker handouts prior to the program). Please note that our webinars do not feature videos of the presenters.
Many states grant CLE credits for on-demand streaming audio programs and recorded events. Our programs are pre-approved in many states. Refer to our state CLE map for state-specific information.
Strafford's webinars are user friendly.
Hunton & Williams
I liked the combination of the substantive material and the legal perspective.
Frost Brown Todd
I thought the webinar was well-organized and the division of the topics flowed smoothly.
Farella Braun + Martel
The program material was well organized and presented in a succinct fashion.
Bass, Berry & Sims
It was well organized, moved through the materials quickly and covered them well.
Banking & Finance Law Advisory Board
Alston & Bird
Orrick Herrington & Sutcliffe
Stradley Ronon Stevens & Young
Strafford webinars are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund. For more information regarding complaints and refunds, please contact us at 1-800-926-7926 ext 10. Complaints regarding this program can be submitted via the course evaluation found in the “Thank you” e-mail at the end of the course.