NextAdvisor Features Braden Perry in How Regulation Z Protects You from Predatory Lending Practices Article

NextAdvisor Features Braden Perry in How Regulation Z Protects You from Predatory Lending Practices Article

NextAdvisor spoke with Braden Perry, among other experts, regarding Regulation Z and how it applies to credit cards and other types of loans.

Regulation Z, also known as the Truth in Lending Act, requires disclosures whenever consumers obtain certain types of loans, including mortgages, home equity loans, private student loans, home equity lines of credit, and credit cards.

For example, these disclosures can show real-world applications of a credit card’s annual percentage rate (APR) and how long it would take to pay off credit card debt with only the minimum payment.

“Regulation Z provides guidance and disclosures to consumers regarding rates, penalties, and other fees associated with the card,” says Braden Perry, a governance, regulatory, and enforcement attorney and partner at Kennyhertz Perry in Mission Woods, Kan. “These details were previously the ‘fine print’ that has been brought to the forefront to allow the consumer to understand the terms of the product and the ramifications of the use of the product.”

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About Kennyhertz Perry’s Financial Services practice group:

Kennyhertz Perry integrates broad regulatory expertise, including compliance and enforcement, with the transactional practices to which that expertise is critical. We are called upon by businesses who need help navigating current and future regulatory challenges stemming from the global financial crisis. To assist our clients in understanding the issues that will affect their industries, entities and transactions, we understand the impact of regulations and requirements of both The Dodd-Frank Wall Street Reform and Consumer Protection Act and a wide variety of U.S. and foreign regulatory reforms targeting investment business and market structures, alternative investment fund managers, private equity and others, central clearing and exchange-trading of derivatives, market abuse and insider dealing, capital regimes, and commodity derivatives.

Kennyhertz Perry attorneys also have broad BSA/AML experience across the spectrum of bank and non-bank financial institutions. These include traditional chartered banks, broker-dealers, commodity trading advisors, money transmitters, non-bank lenders, and virtual currency businesses. We are experienced in counseling and drafting BSA/AML practices, policies, and procedures. Our combined knowledge and skill permit us to anticipate potential problems before they become serious issues and assist clients in responding effectively to regulatory and law enforcement criticisms or inquiries.

Kennyhertz Perry regularly counsels lenders, investment advisers, broker-dealers, and fund managers on the laws, rules, and regulatory developments affecting their business, including regulatory requirements, risk management, licensing and registration, sales and marketing practices and materials, manuals and training, day-to-day compliance.

About Kennyhertz Perry, LLC

Kennyhertz Perry, LLC is a business and litigation law firm representing clients in highly regulated industries. The firm was founded by two veteran Kansas City attorneys, John Kennyhertz and Braden Perry. To learn more about the firm, visit

*The choice of a lawyer is an important decision and should not be based solely upon advertisements.