Key Truth in Lending Updates and Recent Changes

• Overview

Understand the key ins-and-outs of the TILA updates and how each amendment impacts your business.

Many lenders have been hit with new compliance obligations in the post Dodd-Frank regime. The Truth In Lending Act (TILA) is one of the many rules undergoing changes that impact lenders in all areas and of all sizes. Amendments to TILA have left lenders wondering how to comply and what their risk is in the new compliance environment. This topic helps lenders understand the ins-and-outs of the TILA updates and how each amendment impacts their line of business. Post-TILA-RESPA Integrated Disclosure risk environment for lenders and why this risk matters will also be explained.

Authors

Ashley Hutto-Schultz, Morrison & Foerster LLP Donald C. Lampe, Morrison & Foerster LLP

Agenda

Overview

• TILA and the Regulatory Landscape Post-Dodd-Frank

• CFPB's Powers of Rulemaking, Supervision and Enforcement

TILA Updates

• What Are the Key Developments in TILA Updates Over the Past Year?

• Pending Rulemakings That May Affect TILA Liability

• TILA Considerations for Emerging Financial Products Such as Marketplace Lending

• Identifying Impacts on You as a Financial Services Provider

TILA-RESPA Integrated Disclosure

• Identifying Which Transactions Are Covered by the Rule

• Continuing Challenges Post-Implementation

• Understanding Lender Liability and Ways to Limit It