"My favorite part of attending ICBA Institutes is connecting with peers from other institutions. I look forward to future events knowing familiar faces will be there, and while the training is always excellent, it’s the networking that keeps me coming back."
-McKenzie Humpal, VP Compliance Officer at First Citizens Bank in Iowa
"Through ICBA, I earned the CCBIA, CBAP, and CCBCO designations, each enhancing my role at different stages of my career. Each designation provided valuable resources and insights that improved my expertise in these areas."
-Michael Hoehn, Assistant Compliance Officer and CRA Officer at First Metro Bank in Muscle Shoals, Alabama.
"The Fraud Seminar was excellent and very informative. I got a lot of resources that will help in our FI. Great tools."
-Donna Franklin, AmeriState Bank, Atoka, Ohio
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Consumer credit is an important element of the United States economy. A
consumer’s ability to borrow money easily allows a well-managed economy
to function more efficiently and stimulates economic growth. Typical
purchases that are financed would include homes, cars, and recreational
items. In this course we will discuss an overview of the different types
of credit, the 5 C’s of credit, the loan process and consumer lending compliance.
Learning Objectives:
Understand what Consumer Credit is and why it is important to the
U.S. Economy
Know the different types of Consumer Loans
Understand the features & benefits of each loan type
Know the Five (5) C’s of Credit
Understand the loan application process and approval
Acknowledge that consumer loans come with many compliance laws and
regulation that must be learned and followed
