May 19, 2015

Overview and Agenda

What is Social Media

The Financial Industry Has Yet to Define “Social Payments” Thoroughly

Overview and Agenda cont.

Marketing and Advertising Issues

Privacy Issues

Risk Areas

Compliance and Legal Risk

Reputation Risk

Privacy

Truth in Lending/Reg Z(TILA-RESPA)

UDDAP(Class Actions)

Deposit Insurance or Share Insurance

FFIEC Social Media

Definition

Social Media: Consumer Compliance Risk

Management GuidanceAll FBAs and State Liaison Committee issued jointly

RESPA(Referrals)

Fair Debt Collection Practices Act

(Treble Damages)

Fair Lending

The Puzzle

Key Takeaways

May 19, 2015