Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
If you haven't done so already, make sure you sign up for our free membership where you get access to many member-only videos, articles, and other resources.
Normally, regulatory activity takes place on almost a weekly basis. In today’s environment, however, regulatory activity has been taking place on an almost daily basis.
This means that financial institutions must spend great efforts keeping up with these changes, or they risk something falling through the cracks. While financial institutions utilize internal resources to do all of the monitoring of regulatory changes, this isn’t usually cost effective when you add up the amount of time necessary to monitor - and understand - the change taking place, let alone determine if the changes apply to the organization. For that reason, we have created a Quarterly Compliance Update program that is designed to provide a quick and easy way to stay informed of the regulatory compliance activity that took place in the prior quarter.
The Fall 2020 Quarterly Compliance Update is designed to provide compliance professionals with the “need to know” information about what compliance activity took place during the months of July, August, & September of 2020 (see below for an outline of course topics).
While specifically designed for Compliance Officers who have the responsibility of keeping up with new rules and regulation changes, this program would be beneficial for anyone with compliance management responsibilities in a financial institution who needs to stay current with changes in the compliance world. For example, this program could be shared with compliance assistants, management, or a Compliance Council/Committee to keep them apprised of current activities and enhancing the organization’s overall compliance management system. In addition, auditors who have the responsibility of reviewing compliance areas would also greatly benefit from this program.
$299 ON SALE (Regular Price = $329)
The class is presented in multiple videos and covers the following topics from the prior quarter. Due to time constraints of the program and perceived applicability to attendees, some topics will be reviewed in greater details than others.
NOTE: As there were so many changes during the third quarter of 2020, some topics will only include a general overview of the topic with references in the manual as to where to find more information.
Misc Agency Activity
Too much to mention all!!!
CFPB rulemaking agenda
UDAAP violations
CFPB final rule on payday loans (Note this is an overview of the rule rather than a deep dive)
Redlining and fair lending suit from the CFPB
Flood rule tweeks
Reg Z inflation adjustments
A proposed new QM category
CFPB’s “Supervisory Highlights”
And many, many more as this quarter was packed with changes and updates…
FEATURED TOPIC: Small Business Data Collection
This section will review what the CFPB is considering in an upcoming proposal to implement the small business data collection requirements of the Dodd-Frank Act. Sections include:
Potential lender coverage
Potential small business coverage
Potential product coverage
Potential data to be collected and reported
A potential “data firewall”
NOTE: While this is not a final rule, we believe that, when implement, this will have a major impact on most financial institutions. Therefore, we believe it is important to understand where this rule is headed to both 1) be able to contribute to the rulemaking process through comments and to 2) prepare management and lenders for the upcoming change.
BSA/AML
COVID-19 scam advisory
Cybercrime advisory
New CDD FAQs
Statements on BSA enforcement
Statement on CDD for PEPs
Other alerts and info
CRA
Agencies release CRA ratings
Agencies release list of planned CRA exams
Federal Reserve Notice of upcoming CRA rule (general overview only)
HMDA
NEW HMDA FAQs
Note: HMDA is provided at the end of the program so that financial institutions not subject to HMDA can be dismissed early
NOTE: As there were so many changes during the third quarter of 2020, some topics will only include a general overview of the topic with references in the manual as to where to find more information.
This Compliance Class can be completed without leaving your office and provides you with everything you need to know about what compliance related activity took place during the prior quarter.
The class includes the following:
A comprehensive manual
A “virtual classroom” instructional video
60-day access to the class
Certificate of completion (1 per registration - available upon request)
All of our Compliance Classes are presented in our virtual classroom approach. This approach is designed to bring the presenter to you (at a fraction of the cost of having a live person) and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment. In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
Certificates of completion are available upon request. One certificate is available per registration.
When you purchase this compliance class, you get instant access to the online version of this class for 60 days. You will also receive an electronic version of the accompanying manual to keep.
We believe in our training products so much that we are offering a 100% money back guarantee. If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will either make things right or provide 100% of the purchase price back to you.
