How Employers & Financial Institutions Can Maximize Social Media Use While Minimizing Liability
As if there was not already enough confusion and rules governing job postings, applicant screening, advertising practices, and required disclosures, social media and the internet use is widespread in the workplace and complicates many processes. The manner in which a business advertises; the language used, and even the location of the ad, can dramatically affect the likelihood of lawsuits or administrative agency action being focused on the recruiting process and marketing efforts. Lenders are frequently found in violation of the Federal Trade Commission Act (FTC Act), the Real Estate Settlement Procedures Act (RESPA), and the Truth-in-Lending Act (TILA). As employers, lenders also have to comply with the Fair Credit Reporting Act (FCRA) and state analogs.
It is therefore vitally important for Hiring, Compliance and Marketing Managers and In-House Legal Departments in the banking and finance industries to understand the laws and regulations in this area. CDF and Optimal Blue’s Comergence will cover what employers need to know, from job postings and screening, to the importance of adhering to your social media policy and taking a proactive approach to the FFIEC’s recommended guidelines to ensure minimizing your liability during this one-hour complimentary webinar.
This engaging and interactive webinar will cover how to:
- Protect yourself and the company from lawsuits with your record keeping
- Ensure managers and employees do not create implied contracts
- Avoid violations of deceptive advertising practices
- Avoid failing to properly disclose qualifying information in an advertisement
- Ensure no improper third-party endorsements
- Avoid violations regarding failure to provide your NMLS ID, as required
- Avoid improperly or failing to disclose APR and/or other fees
- Create a strong policy that addresses the misconceptions
- Identify social media violation trends by channel
- Automate your responsibility to achieve compliance
Join this informative webinar that will be co-presented by CDF, a labor, employment and immigration law firm protecting employers in California since 1994, and Optimal Blue’s Comergence, a leading-edge industry solution that addresses the growing need and seemingly insurmountable task of monitoring social and digital media communications within a regulatory framework. Together, we will show you how to protect your company from the growing concerns that social media has placed on businesses.
CA MCLE credit available.
Todd R. Wulffson has focused his practice on counseling and defending businesses in labor and employment matters for over 25 years. In addition to private practice, from 2006-2010, Wulffson served as General Counsel and SVP of...
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Michael Stallings brings more than 20 years of experience to Optimal Blue, in a variety of positions and industries that give him a unique perspective and the ability to have a significant impact on business performance. Michael has held leadership roles at innovative organizations including; Oakley, Broadcom, and LRN as well as several start-up ventures, with his most recent success as entrepreneur and co-founder of Comergence. Michael’s strength is in business process optimization and strategy, and he currently oversees product development and services for investor and lender firms to facilitate growth and exceed compliance standards.