The Military Lending Act
The Department of Defense (DOD) updated rules associated with the Military Lending Act (MLA) on July 22, 2015, with crucial compliance deadlines effective October 3, 2016 and October 3, 2017. Both the MLA and SCRA extend relief to active duty military members and their families. This WiBinar will include detailed analysis regarding changes made to the Military Lending Act, compliance required for each effective date, a review of how MLA and SCRA complement each other, and discussion of specific pitfalls related to compliance with the Act.
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- Review the intent and requirements of the MLA
- Discuss calculation methods for interest rate and fee limitations required by the MLA
- Explore differences between the MLA and SCRA and coordinating compliance between the two acts
D.L. Huston, LLC
Dan’s professional career, spanning four decades, has focused on assisting clients in identifying and resolving operational, risk management, and compliance issues. His expertise focuses on providing clients with guidance in designing effective and efficient procedures and controls to implement new and changing regulatory guidance; implementing corrective action in response to directives from federal and state oversight agencies; and designing and executing testing to evaluate the effectiveness of implemented solutions and controls. Dan’s experience includes 19 years supervising operational and lending functions at a large regional financial institution and 16 years with a regional public accounting firm, which included nine years as the partner responsible for the firm’s internal audit and regulatory practice for financial institutions. His experience includes having worked with over 200 banks, credit unions and trust companies. Dan is the managing member of D.L. Huston, LLC, and lives in Portland, Oregon.
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Season Pass Members receive 4 individual logins to every WiBinar.
This WiBinar is ideal for
Compliance Officer, Compliance Specialist