Whether you are a full-time compliance officer, an internal auditor, or if compliance is one of your many hats, this conference will help you identify and manage cutting-edge issues that are central to a successful compliance or audit program.
AgendaRecent Developments in Illinois and Federal Banking LawCarly Berard, Associate General Counsel, IBALearn about the latest updates on mortgage servicing notices, new restrictions on financial services marketing, electronic notarizations, statewide paid leave requirements, small business lending data reporting and its legal challenges, the Illinois Community Reinvestment Act (and federal CRA revamp), sweeping federal rules amendments, major court decisions, and more! We’ll provide in-depth analyses and review history and context, helping you communicate these changes to business lines and senior management.The Illinois Community Reinvestment Act and Rules — What Banks Need to KnowJayesh Hines-Shah, Deputy General Counsel for Banking, IDFPROn May 1, 2024, Illinois adopted rules to implement its state-level Community Reinvestment Act (CRA), which is modeled on the federal CRA. With the implementation period now underway, and IDFPR’s bank examinations scheduled to commence as soon as February 2025, now is the time to think about meeting Illinois-specific requirements. In this session, we’ll hear from the Deputy General Counsel of IDFPR’s Division of Banking about what banks can expect, how they should prepare, and more!Preventing Appraisal BiasTracy M. Bush, Senior Manager, Wipfli LLPFair lending has never been more critical for financial institutions. The regulatory agencies, the White House, and others are committed to reducing appraisal bias and continue to issue fact sheets, statements, bulletins, blogs, and proposed rules. In this session we’ll discuss the concerns with discrimination in the appraisal process, best practices to consider implementing to reduce bias, and next steps when potential bias has occurred.Risks (and Rewards) of Artificial Intelligence in BankingCarl Pry, Senior Advisor, Treliant, LLCFinancial institutions are increasingly using artificial intelligence, or AI, in their operations. The benefits are obvious — more effective marketing, more efficient underwriting of credit, and a sense of better knowing the customer. However, there are significant risks to using AI and nontraditional data when dealing with customers and prospects. In this session, we’ll review the regulatory guidance on using these tools, fintech-bank partnerships, and strategies for monitoring and mitigating risk.Fraudulent Transaction Trends and Prevention StrategiesBrian J. Crow, Managing Partner, Co-President, Thomas Compliance Associates (TCA)Fraudsters continue to develop new techniques for helping our customers part with their hard-earned money. Often this leads to the financial institution taking losses to reimburse our customers. In this session, we will examine the latest fraud trends in checks and in electronic payments such as Zelle, Cash App, and Venmo and discuss strategies for loss mitigation. We will also consider the regulatory requirements that dictate when we must reimburse our customers and what recovery options are available.
Continuing Education for Registered AttendeesMCLE for Illinois Attorneys - 4.5 hours General MCLE Credit (Recorded Technology)ABA Professional Certifications - Under ReviewIllinois CPE credit for Illinois Public Accountants 5 hoursOne Fee, Unlimited Attendees (per organization)*$495 M $795 NMNote: A single attendee must register first to receive the unlimited special rate for additional attendees. Upon payment, the registrant will receive an e-confirmation with a sample message to share with their staff.