The Federal Reserve Board has published massive revisions to the advertising rules for open-end credit. Regulation Z has contained advertising rules for years, but new rules that revise the format and the content of the advertising disclosures were effective on October 1, 2009.
This two-hour webinar reviews the new rules in depth and places the changes in context of the existing Regulation Z advertising requirements. These rules cover all open-end credit products including:
- Home equity lines of credit;
- Credit cards;
- Personal lines of credit; and
- Overdraft lines of credit.
The new rules have a major impact on those who advertise any form of open-end credit in any medium. This program is designed to bring you up to date with the recent changes to Regulation Z's advertising rules for open-end credit. Participants receive a detailed manual that will be a valuable resource long after completion of the program.
Upon completion of this two-hour program participants will understand:
- The new rules for advertising open-end credit products including:
- Balloon payment disclosures;
- Tax implications disclosure;
- Promotional rate and payment disclosures;
- Media rules for internet, radio, and television; and
- Prominence and proximity rules.
- The long standing rules for advertising open-end credit including:
- Triggering terms and required disclosures; and
- Misleading terms.
The program is designed for compliance officers, auditors, credit department managers, and other lending and operations personnel impacted by the changes.