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IBA Center for Banking Excellence, Springfield OR Live Streamed
This comprehensive series provides an overall deep understanding of the complexities of regulatory compliance and how they apply to everyday situations. New and seasoned team members will diminish the complex nature of regulatory compliance after attending this program.
AudienceCompliance Officers and Managers, Consumer Lenders, Residential Real Estate Lenders, Personal and Retail Bankers, Operations Officers, Legal Counsel, Auditors, and Cashiers
Credit Compliance, Part 1 - September 15
Reg B: Equal Credit Opportunity Act Equal treatment and fair lending considerations• Application stages: inquiries, incompletes, withdrawals, denials, and approvals• Collection of government monitoring information• Adverse action rules and business loan denial options• New requirements for providing copies of appraisals and evaluations.
Fair Credit Reporting Act• Permissible purpose• Requirements of users of consumer reports• Duties of furnishers of information to a CRA• Requirements relating to identity theft.
Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)• The FTC Act/Dodd-Frank Act• Standards for determining what is unfair, deceptive, or abusive.• Deceptive acts and practices• Abusive acts or practices• Managing risks
Flood Disaster Protection Act• Flood insurance eligibility and determination• Private Policy requirements and challenges• Required notification and acknowledgment.• Insurance and escrow requirements• Force placed insurance, penalties, and liabilities.• What examiners look for in a flood exam.
Reg C: Home Mortgage Disclosure Act (HMDA)• Requirements, responsibility, and reporting• Loan application register• Setting HMDA audit sampling sizes• Discuss common violations.• Discuss the expanded data field.
Learning Objectives After this program, participants should be able to:• Differentiate between an application and an inquiry for disclosure purposes, describe the eight stages of an application and identify the latest fair lending issues• Understand key regulatory provisions of lending rules such as furnishing adverse action notices and FACTA disclosure requirements• Calculate flood insurance coverage for residential, commercial, and condos using replacement cost value rules• Complete a HMDA report and understand the coding rules to determine what transactions are HMDA reportable
Credit Compliance Part 2 - September 16
Reg Z: Truth in Lending Act• Coverage and exemptions• Finance charges, annual percentage rate and amount financed• Adjustable-rate mortgage (ARM) disclosures• Mortgage transfer disclosure• Right of rescission• Higher-priced mortgage loans• Homeownership counseling• Ability-to-Repay / Qualified Mortgage rules
Reg X: Real Estate Settlement Procedures Act (RESPA)• Homeownership counseling• General disclosure requirements• Restriction of fees• Escrow accounts• Mortgage servicing and error resolution procedures• Early intervention requirements, continuity of contact, and loss mitigation procedures
Learning Objectives After this program, participants should be able to:• Describe the Ability-to-Repay and QM rules• Understand the QM exemption rules• Identify finance and prepaid charges, calculations, APR tolerances, and payment streams on Truth in Lending disclosures• Recognize when kickback provisions expose the bank to penalties, calculate the initial escrow statement, and perform an ongoing annual accounting adjustment when there is a funding surplus, shortage, or deficit
Credit Compliance, Part 3 - September 17
Homeowners Protection Act (PMI)• Coverage• Cancellation and termination• Disclosure requirements• Civil liabilities
Reg Z: TILA-RESPA Integrated Disclosures• Loan estimate• Closing disclosure• Tolerances
Military Lending Act• Coverage• Lending limitations / Prohibited practices.• MAPR calculation• Disclosure requirements
Learning Objectives After this program, participants should be able to:• Understand the PMI requirements.• Review new loan estimates and closing disclosures.• Describe the three tolerance thresholds and applicable fees for each.• Understand the coverage, scope, and requirements for compliance with the Military Lending Act provisions.
Deposit Compliance - September 18
Reg D: NOW Eligibility and Reserve Requirements• Repeal of the withdrawal restrictions on savings and money market accounts• Regulatory minimum and your bank’s early withdrawal penalty• What are the reserve requirement rules? How do they impact compliance?• Interest-bearing DDA vs. NOW accounts – they’re not quite the same.• Interest premium rules – Do they still matter?
Reg E: Electronic Funds Transfer Act• Disclosures and notices• Resolving error claims• Electronic check conversion• Customer Education• Remote deposit capture• Mobile banking• Foreign remittance rules• Payroll card and gift card rules• Examination trends and frequent findings• Overdraft Opt-ins
Reg CC: Expedited Funds Availability Act• Disclosures and notices• Implications of item posting order.• Common hold notice errors• Check 21• Remotely Created Checks
Reg P: Privacy and Information Sharing “Opt-Outs”• Reg P rules• Model form (01/01/11)• Connection with FCRA sharing.• Do not market/Do not solicit policies• New CFPB annual disclosure rules
Reg S: Right to Financial Privacy• Government information requests• Reimbursement
Fair Credit Reporting Act/ID Theft “Red Flags”• Address discrepancies• Credit report alerts• Other “red flags”• Affiliate marketing• Annual report
Reg DD: Truth in Savings Accounts (TISA)• Disclosures and notices• Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)• The higher-risk parts of the rules (e.g., inconsistent terminology, products/terms changes)• Advertising compliance• Common disclosure errors• Courtesy Overdraft Programs
Learning Objectives After this program, participants should be able to:• Identify the information that must be disclosed to deposit account customers.• Recognize compliance solutions that can enhance sales and operations processes.• Identify and correct deficiencies that might exist in deposit account disclosures; and• Understand Truth in Savings (Reg DD) rules.• Understand the latest enforcement trends for TISA/Reg DD including UDAAP.• Demonstrate knowledge of the details and bank-wide impact of selected rules.
BSA/AML Compliance - September 19
BSA, AML and USA Patriot Act• Program components/pillars• Technical requirements• CTR requirements and exemptions• CIP and the beneficial ownership final rule• Customer due diligence and enhanced due diligence – the 5th Pillar• Suspicious activity monitoring• OFAC• 314(a) searches and 314(b) registration and advantages• Core and expanded examination procedures• BSA hot topics (medical marijuana, hemp, Bitcoin, beneficial ownership)• Recent exam findings and applying lessons learned from enforcement actions
Learning Objectives After this program, participants should be able to:• Establish a comprehensive BSA/AML program• Demonstrate knowledge of the details and bank-wide impact of selected rules
TCA Compliance FacilitatorsBrian Crow, CAMS, Managing Partner and Co-PresidentMichelle Strickland, CRCM, Managing Partner and Co-PresidentMonique Reyna, CRCM, Compliance Consultant
Continuing Education Pending Review
Hotel InformationCourtyard - Springfield3462 Freedom Drive Springfield, IL 62704Hotel: 217-793-5300IBA Rate: 20% off the available rate
Per Person Fee IBA MemberAll five programs: $1,225Individual program: $265
NonmemberAll five programs: $2,045Individual program: $445