CBC II: Reviewing a Consumer Loan

May 09, 2017
6925 Parkdale Pl
Program Overview: 

PDF Brochure

So far (at least at the time of this writing), the CFPB has continued to avoid issuing any new or updated regulations, despite their public statements that they intend to do so. There are number of new regulations coming at some point, but they are not yet here.  This gives us an opportunity to continue to look at existing issues to assure that they are not forgotten.

Although many banks do not do a large volume of consumer loans, there are levels of risk that still exist. We have spent a lot of time in teaching and in banks worried about TRID and its ramifications – and that is as it should be.  However, this session will focus on the review process for loans that do not involve TRID in any way. Regulation B, Regulation Z, and other regulations certainly deserve our time and attention for this loan type. 

We will conclude the day with a series of longer case studies that will allow each participant the opportunity to apply the knowledge acquired during the seminar and review a variety of loan types.  The case studies will allow a “hands on” opportunity to properly apply different sections of the regulations.  The case studies will be designed to mimic actual bank situations, and will allow the attendee to interact with others in the analysis process. 

To make the training as effective as possible, we strongly recommend that each student bring a calculator. There will be no need to recalculate payments; however, students will be required to perform basic math calculations.


Regulatory Update

  • Subjects as released by the CFPB and other federal agencies
  • A discussion of TRID, any updates, things we have learned, your questions and answers from email, and your questions during the presentation.  

Auditing Consumer Loans 

  • Preparing for the Review- Consumer Closed End Loan Types
  • Selecting the sample
  • Performing the review – auditing/monitoring/timing issues
  • Reporting
  • Reviewing Applications – Regulation B
  • Reviewing Truth in Lending - Regulation Z
  • Reviewing Consumer Protection in Sales of Insurance
  • Reviewing Unfair and Deceptive Practices
  • Reviewing FCRA credit score disclosures
  • Reviewing Regulation U
  • Reviewing BSA loan purpose issues
  • Reviewing other BSA issues
  • Reviewing Miscellaneous Subjects
  • Case Studies

Future Presentations

We will cover Regulation CC, when and if the Consumer Financial Protection Bureau releases the new version. We will not offer Regulation CC as a subject until the new version of the regulation is final. The final rule was promised last fall.

Additionally, there is a pending TRID update, the new residential loan application, and other regulatory changes that will be arriving over the next few months. 

Other subjects for future seminars will be shaped by regulatory events as they unfold. The CBC quarterly compliance program remains committed to providing as much up to the minute information as possible.  The program will closely monitor releases from the CFPB and other agencies to assure that you have the most up to date and accurate information possible.  


Adam Witmer, CRCM, Senior Consultant

Adam Witmer is a Senior Consultant with Young & Associates, Inc. where he focuses on regulatory compliance. Adam is a popular speaker who tries to make compliance fun by providing real life stories that apply to the topic at hand. He conducts seminars for state banking associations throughout the United States, provides in-bank training for clients, delivers keynote speeches, and puts on compliance webinars. In addition to compliance education, Adam serves client banks in the Midwest through consulting and by writing articles for various publications. Prior to joining Young & Associates, Inc., Adam served as an officer and the Director of Compliance for a multi-bank holding company. He has held the titles of Compliance Officer, BSA Officer, and CRA Officer for multiple banks, and has experience in the areas of internal audit, deposit and loan operations, retail banking, and secondary market lending. He holds the designation of Certified Regulatory Compliance Manager (CRCM) by the Institute of Certified Bankers in Washington,D.C.Adam earned a BA in Business Administration from Taylor University and an MBA in Management and Human Resources from Indiana Tech. 


8:30 a.m.          Registration & Continental Breakfast
9:00 a.m.          Program Begins
12:00 p.m.         Lunch (included)
1:00 p.m.          Program Resumes
4:00 p.m.          Program Adjourns


Indiana Bankers Association
6925 Parkdale Place
Indianapolis, IN 46254 


$350 IBA Member
$180 Each Additional IBA Member
$650 Non-Member

Additional Information: 


Compliance officers should attend this session.  In addition, all personnel with responsibilities for consumer loans at all levels, including senior management, auditors, loan servicing staff and others should also consider joining us for this session.


Association Contact: 

Elizabeth Kilty, Education Coordinator

Cancellation Policy: 

You will receive an e-mail confirmation at registration.. If you have questions, contact Elizabeth Kilty at 317-387-9380 or via e-mail at ekilty@indianabankers.org.

Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations the day before or absences on the day of the program. Substitutions are welcome at anytime.

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