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 premium CLE webinar with Q&A
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.
Outline
- Overview of CARD provisions
- Financial institutions affected
- Prohibited practices
- Interplay between CARD Act and Federal Reserve regulations
- Best practices for compliance
Benefits
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?
Faculty
Beth S. DeSimone
Counsel
Arnold & Porter
She structures and negotiates mergers and acquisitions and investments of financial services companies. She specializes... | Read More
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.
CloseMichael B. Mierzewski
Partner
Arnold & Porter
He concentrates his practice on financial institutions and corporate and securities law. In addition to bank merger... | Read More
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.
CloseAhmad Hajj
Attorney
Arnold & Porter
He represents financial institutions, broker-dealers and hedge funds on a variety of matters including banking and... | Read More
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.
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