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.
While financial institutions often 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 2022 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 2022 (see below for an outline of course topics).
In Part II of our program (which is actually a stand-alone program), we take a deep dive into recent guidance relating to overdraft and non-sufficient funds (NSF) fees. Specifically, we have divided the discussion into two different parts. The first part of the program discusses two practices the CFPB addressed during late October 2022. These practices include both fees for retuned items as well as overdraft fees charged when an item was authorized positive, but was paid when the balance in the account was negative (i.e. authorize positive, settle negative). For the second part, we discuss another emerging risk related to charging a non-sufficient funds fee for multiple represented items. We believe the FDIC guidance should be considered and followed by all financial institutions as other agencies have been discussing this topic over the last year.
While specifically designed for Compliance Officers and Risk Managers who have the responsibility of keeping up with new rules and regulation changes, this program would be beneficial for anyone with compliance or risk 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.
4.5 CRCM, CERP, 0.75 CAFP credits. ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The Fall 2022 Quarterly Compliance Update has been approved for 4.5 CRCM, CERP, 0.75 CAFP credits. This statement is not an endorsement of this program or its sponsor. Certification holders must report these credits at aba.csod.com.
Regular Price: $399
PREMIUM MEMBERSHIP: Each of our quarterly compliance updates are included in all three of our premium membership options. Premium members can automatically access this program through the class login option on our site, and by choosing the Fall 2022 Quarterly Compliance Update from the list of classes.
NOTE: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.
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.
The total teaching time of this program is 3 hours and 37 minutes.
The content of this program will include :
Misc Agency Activity
Video 1 - July 2022 Updates
Introduction
CFPB Spring 2022 Rulemaking Agenda
HUD Charges A Company And Its Owner For Gender Discrimination
CFPB’s Advisory on Public Data Privacy
CFPB Sues ACE Cash Express for Deception and Misdirection
Federal Regulators Fine Bank of America Over Botched Disbursement of State Benefits
..And more!
Video 2 - August 2022 Updates
Hsu Discusses Cyber Risks to the Financial Sector
FDIC Releases Summer 2022 Edition of Supervisory Insights
CFPB to Host Meetings on Regulatory Data Collection
FDIC Issues Changes to its Consumer Response Center
CFPB Takes Action Against Hello Digit for Deceptive Acts or Practices
..And more!
Video 3 - September 2022 Updates
CFPB Warns of Scammers Pretending to be from the Bureau
OCC Releases 5-Year Strategic Plan
Hsu’s Remarks on Safeguarding Trust in Banking
FTC to Convene Scams Against Older Adults Advisory Group
CFPB to Spur New Mortgage and Refinance Products
..And more!
FEATURED TOPIC - Overdraft & NSF Fees
BSA/AML
OFAC Reminds of the Blocked Property Annual Report Filing
Agencies Joint Statement on the Risk-Based Approach to Customer Relationships and Conducting CDD
OFAC’s Settlement with AMEX for Violations of Kingpin sanctions
FATF Publishes Report on Financial Crime
FATF Updates Guidance for the Real Estate Sector
..And more!
CRA & HMDA
CRA
Agencies Release CRA Ratings
Agencies Release List of Planned CRA Exams
Agencies Issue List of 2022 Distressed or Underserved Non-Metro Middle-Income Geographies
HMDA
Federal DC Court Overturns Closed-End Loan
HMDA Reporting Threshold
““I like the way the videos are broken down into reasonable sections of the overall course. It makes it easy to view and return for next sessions/videos.””
““The videos are very informative, Adam is a great teacher and funny too, and the manuals are awesome!””
““The information is always something that is usable. I have found that I have learned something new almost every time. They are more enjoyable than sitting in a classroom and more cost effective because you do not have to drive somewhere for the training.””
““This is a great reliable resource, not your typical hum drum boring compliance training. Adam finds a way to make it engaging!””
““Adam does a great job of conveying the quarterly changes and activity in his quarterly updates. Great information and the material is available for printing and future use.””
““The presentation method was great and the comprehensive manual that came with the class was a good add on!””
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.
