Is it A Finance Charge or Not?
   
Presented by:
Phil Gay, Senior Advisor, Paragon Compliance Group
and
Lucy Griffin
Senior Advisor, Paragon Compliance Group
President, Compliance Resources Incorporated


Materials (only available to registered users)

A webinar to address vexing issues related to how fees and charges are captured and disclosed in consumer loan programs.

Here are some topics that we will address in this webinar:
  • Flood insurance fees: When is it a finance charge (FC) and when is it not?
  • Courier fees and other third party fees: how to determine whether these should be finance charges
  • Inspection fees -- some are and some are not FC's
  • Real estate-related fees and related exemptions from the FC
  • Points and other real estate-related FC's
  • How to determine whether the computer is capturing the FC correctly
  • Insurance- and debt-cancellation coverage -- voluntary
  • Mortgage broker fees
  • Other challenging fees and how to approach the analysis of whether each is a FC
This web seminar will give you:
  • Practical ways to approach the FC questions
  • Discussions about varying FC situations
  • A chance to ask experts your questions on finance charges and how these relate to the various types of loans
Paragon Compliance Group Senior Advisors Phillips G. Gay, Jr., and Lucy H. Griffin will address these things from the perspective of those who need to perform any of the tasks necessary to get loans booked properly and those that review the loans to confirm safety and soundness as well as compliance. They will address them in specific ways that help you get your job done right.

WHO SHOULD ATTEND:
This webinar is designed for Loan Administrators, Loan Operations staff, Compliance and Audit Staffs, Loan Review staff, Policy Administrators and anyone responsible for loan compliance documentation issues.

About the speakers:  
Phillips G. Gay, Jr., CRCM
Senior Advisor, Paragon Compliance Group
Senior Vice Pres., Commercial Bank of Florida
President, Compliance Advisory Service

Mr. Gay is senior advisor of Paragon Compliance Group and principal of the Compliance Advisory Service, a consulting firm performing compliance management services for client financial institutions. Compliance Advisory Service is a partner in Paragon Compliance Group. Mr. Gay is a nationally recognized speaker on bank regulatory compliance, particularly issues related to money laundering detection and other deposit operations issues.

Mr. Gay served as senior vice president of Bank of North America for three years as director of the bank's Compliance and Community Reinvestment Act programs. Prior to joining Bank of North America, he managed the Regulatory Compliance function for First Union Corporation. Prior to First Union, Mr. Gay was Senior Vice President of Florida Commercial Banks, Inc. He is currently Senior Vice President Commercial Bank of Florida, Miami, Florida, where he is responsible for both compliance and CRA.

Lucy Griffin, CRCM, CRP
Senior Advisor, Paragon Compliance Group
President, Compliance Resources Incorporated

Ms. Griffin brings over twenty years of experience working with regulatory agencies and financial institutions. Her extensive work experience with regulatory agencies includes the Federal Home Loan Bank Board, the Board of Governors of the Federal Reserve System, and the Federal Trade Commission. She has served on FFIEC subcommittees and on interagency task forces that included representation from the Department of Housing and Urban Development and from the Department of Justice. She is senior advisor of Paragon Compliance Group and President of Compliance Resources. Compliance Resources is a partner in Paragon Compliance Group.

More recently, Griffin managed the Compliance Division of the American Bankers Association. In that capacity, she worked directly with several of the association's banker committees and with regulatory agencies. She managed the Division's activities, including identification of leading compliance priorities, production of compliance resources and programs, and also provided support to ABA's lobbying efforts on compliance topics. Lucy is the editor of Compliance Action and the co-author of the Compliance Accountability Manager.

Nationally recognized as a leading compliance speaker and trainer, Griffin is on the faculty of ABA's National Compliance School, develops and leads the case study at ABA's National Graduate School of Compliance Management, appears regularly on ABA's American Financial Skylink, and is a featured speaker at many national and state compliance conferences and seminars.

Ms. Griffin received her B.A. from the University of Michigan, and her J. D. from Cornell Law School. She is a Certified Regulatory Compliance Manager through the Institute of Certified Bankers.

 About the seminar
This seminar will be delivered utilizing state-of-the-art technology. From the comfort of your office or conference room, you will receive the audio portion of the seminar via telephone, with companion slides, Web pages, polls, Q&A being delivered simultaneously over the Web. One AUDIO line per location can be placed on speaker phone to allow multiple participants.

Handouts will be provided and we welcome questions during and after the seminar, as well as in advance. Questions received after the seminar will be posted on a special Web page for later viewing by seminar attendees.

$199 per location.
Good for all registrations made one week prior to the event. Afterwards $225.

Contact Information: Billing questions can be directed to Carin Eisenhauer, carin@bankersonline.com. All other questions may be directed to mpetry@bankersonline.com

TEST YOUR SYSTEM: Click below to test receiving the presentation using Windows Media Player.