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.
Regulatory activity takes place on almost a weekly 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 can utilize internal resources to monitor 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.
With a planned release in late April of 2020, the Spring 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 January, February, & March 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.
$329 (Includes a video and downloadable manual.)
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.
Misc Agency Activity
NCUA Releases Priorities for 2020
FDIC Updates Exam Manual
CFPB Statement on Abusive Acts or Practices
OCC Hammers Former Wells Fargo Execs with Fines
CFPB Fines Bank for Credit Card Dispute Process
MOU Between CFPB & DOE
CFPB Fall 2019 Annual Report to Congress
CFPB Warns Consumers of Social Security Scams
CFPB Releases Winter 2020 Edition of Supervisory Highlights
CFPB Releases Supplemental Proposal on Debt Collection Practices
Another Wells Fargo Fine
FTC ECOA Report
More TRID FAQs Released
OCC FAQs on Third Party Relationships
CFPB Takes Steps to Prevent Consumer Harm
CFPB Suit Against Fifth Third Bank
FDIC Extends Comment Period on Signage & Advertising Requirements
CFPB Settlement for UDAAP
And more…
FEATURED TOPIC: COVID-19
Federal Reserve Guidance for Regulation D
FFIEC Statement on Pandemic Preparedness Guidance
FDIC Issues COVID-19 Guidance for Financial Institutions
FFIEC COVID-19 Guidance
Regulators Encourage Small Dollar Loans
CFPB Issues Mortgage Relief Options Guide
COVID-19 Relief from Fannie & Freddie
Treasury Launches Employee Retention Credit
NCUA Announces Availability of Grants and Loans
CFPB Guidance on Credit Reporting During Pandemic
Other Regulatory Updates
BSA/AML
CTR Reporting Updates
New OFAC FAQs
FinCEN Updates
Former BSA Officer Fined for BSA Failures
Digital ID Guidance
FinCEN COVID-19 Guidance
FATF Report on US Progress in Strengthening AML Measures
And More…
CRA
Agencies release CRA ratings
Agencies release list of planned CRA exams
Agencies Adjust CRA Asset Size Threshold
CRA Proposal Published
HMDA
CFPB Updates HMDA Guide
FFIEC Updates HMDA Getting It Right Guide
CFPB Issues New HMDA FAQ
Note: HMDA is provided at the end of the program so that financial institutions not subject to HMDA can be dismissed early
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.
