Consumer Lending covers the essentials of the consumer lending business today and explains the important and relevant features, processes, and laws. Students taking Consumer Lending will learn the features and benefits of consumer loan products and operations, including closed-end and open-end loans, direct and indirect lending, and secured lending. The textbook traces the consumer lending process from generating and processing loan applications to loan closing, documentation, collection, and recovery. It also reviews the credit investigation, loan evaluation, and decision-making processes. Students will develop a greater understanding for customer relationship building as well as the laws and regulations that affect lending.
Other topics include:
- Taking loan applications and loan interviews
- Marketing and sales to increase application volume and loans outstanding
- Consumer loan information sources and the credit verification process
- Using the five C's of credit in loan evaluation and decision making
- Factors affecting loan pricing and loan structuring
- Loan documentation in today's market
- Laws and regulations impacting the lending process
New information presented in this edition includes:
- An explanation of the legal and regulatory results of the Financial Crisis of 2008, including the Dodd-Frank Act and the creation of the Consumer Financial Protection Bureau
- Updated information about the federal response to subprime lending products, including the qualified mortgage rules and changes to the Truth in Lending Act
- An explanation of the purposes and requirements of the CARD Act and its impact on credit card lending
- An explanation of the changes to UDAAP laws made by the Dodd-Frank Act and the CFPB and the importance of these changes to consumer lending
- Updated information on the changing economic landscape of consumer lending channels, including Internet lending and social media sites as well as direct lending and indirect lending
- Updated information on Regulation Z and Regulation M as revised by the Dodd-Frank Act
- Revised content on the use of prepaid cards.
Consumer Lending supports the AIB Consumer Lending course offered in the classroom through Local ABA Training Providers and as an instructor-led AIB Online Course. It is part of the American Institute of Banking (AIB) curriculum and a required course for the AIB Consumer Lending Diploma.
Recommended Instructional Hours: 15-30-45
Recommended AIB Credit: 1-2-3
Text - 7th Edition © 2013 - printed, softbound
Catalog #3008511
$129 List Price
$ 89 Member Discount
Text - 7th Edition © 2013 - eBook
Catalog #3008723
$129 List Price
$ 89 Member Discount
Instructor Manual - CD-ROM, 2013
Catalog #3008512
$70 List Price
$55 Member Discount