Get "All Access" with Premium Pro!

Adam Witmer

The enrollment period for our three premium membership options is happening right now and this includes our Premium Pro option.  Premium Pro is our "all access" plan where members have access to every training program in our store, as well as every new training program we release throughout the year.  In other words, it includes all of our training programs for one bundled price. Just like our Premium Silver and Premium Gold memberships, there is a limited enrollment period to sign up, so don't wait too long to decide if Premium Pro is a fit for you. To sign up for our Premium Pro membership or to learn more about the three membership options, go to www.compliancecohort.com/premim-membership.

VIDEO: Incorporating FinCEN Priorities into Risk Assessment

VIDEO: Incorporating FinCEN Priorities into Risk Assessment

Adam Witmer
BSA

In this Compliance Clip, Adam discusses the importance of integrating FinCEN's national priorities into financial institutions' BSA/AML/CFT risk assessments, highlighting recent proposals from FinCEN and regulatory agencies aimed at updating compliance requirements. Adam provides ways on how financial institutions can proactively incorporate these priorities into their risk assessments. A transcript of this video is now available.

ON SALE: UDAAP Bootcamp!

Adam Witmer

Our UDAAP Bootcamp is currently on sale in our store. Our UDAAP Bootcamp program provides you with foundational training about Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) as well as helps you know what to look for in your organization. This class covers two main areas. The program starts with a history and overview of UDAAP guidance while it concludes by covering a good number of known UDAAP violations - which attendees can essentially use as a checklist to make sure their organizations are free from many known UDAAP issues that have been cited as violations in other organizations. To register for our UDAAP Bootcamp program, go to www.compliancecohort.com/udaap-bootcamp.

Agencies Set Second Public Outreach Meeting to Review Regulations

Adam Witmer
Regulatory Update

On January 31, 2025, the FDIC announced that federal bank regulatory agencies will hold a virtual public outreach meeting on March 6, 2025, as part of their review of regulations, as required by law.  The Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) requires the agencies, with input from the public, to review their regulations at least once every 10 years to identify any outdated or otherwise unnecessary regulatory requirements applicable to their supervised institutions.

CFPB Fines Wise $2.5 Million for Illegal Remittance Practices

Adam Witmer
Regulation E, Regulatory Update

On January 30, 2025, the CFPB ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs. Wise is a publicly traded global electronic money services provider that allows customers to send, receive, and store remittances through a mobile app, prepaid accounts, and debit cards. 

NOW AVAILABLE: Winter 2025 Quarterly Compliance Update

Adam Witmer

Our Winter 2025 Quarterly Compliance Update is now available in our store and automatically available to Premium Members. (PREMIUM MEMBERS: To access the program, click the “class login” link on our site and choose the quarterly update from the list.) Our Winter 2025 Quarterly Compliance Update covers all of the regulatory activity that took place during the last quarter of 2024 and is a great way for financial institutions to stay up-to-date on the activity that took place in the regulatory compliance world. Plus, part II of the program focuses on the Reconsideration of Value (ROV) as it relates to appraisals. You can learn more about this program www.compliancecohort.com/winter-2025-quarterly-compliance-update.

Get "All Access" with Premium Pro!

Adam Witmer

The enrollment period for our three premium membership options is happening right now and this includes our Premium Pro option.  Premium Pro is our "all access" plan where members have access to every training program in our store, as well as every new training program we release throughout the year.  In other words, it includes all of our training programs for one bundled price. Just like our Premium Silver and Premium Gold memberships, there is a limited enrollment period to sign up, so don't wait too long to decide if Premium Pro is a fit for you. To sign up for our Premium Pro membership or to learn more about the three membership options, go to www.compliancecohort.com/premim-membership.

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