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 Summer 2023 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 April, May, & June of 2023 (see below for an outline of course topics). This quarter’s program is again packed with a ton of information, and provides attendees a great option to make sure that nothing slips through the cracks.
For each quarterly update class, we focus on a different featured topic for Part II of our program. Part II of our Summer 2023 Quarterly Compliance Update will discuss two topics: 1) the FAQs for the 1071 Final Rule that the CFPB recently released; and 2) updates on the guidance regarding Non-sufficient funds (NSF) fees and overdraft fees.
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 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.
To see all of our classes go to our store by clicking here.
4.25 CRCM, CERP, 0.5 CAFP credits. ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The Summer 2023 Quarterly Compliance Update has been approved for 4.25 CRCM, CERP, 0.5 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: $399
PREMIUM MEMBERSHIP: For those interested in purchasing all four Quarterly Compliance Updates, our Premium Memberships offer a bundled rate - along with additional training and member benefits. You can view our premium membership options by clicking here. (NOTE: Premium members can automatically access this program through the class login option on our site, and by choosing the Summer 2023 Quarterly Compliance Update from the list of classes.)
PREVIEW BEFORE YOU BUY? 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 27 minutes.
The content of this program includes:
Misc Agency Activity
Video 1 -April 2023 Updates
Introduction
CFPB Issues Guidance Regarding Abusive Conduct in Financial Markets
HUD Charges Apartment Owners for Discrimination of Family with Minor Children
FDIC Consumer Compliance Supervisory Highlights March 2023 Edition
FTC Fines The Bountiful Company for Alleged Review Hijacking
CFPB Revises Methodology for Determining Average Prime Offer Rates
And more…
Video 2 - May 2023 Updates
FDIC Releases Comprehensive Overview of Deposit Insurance System
CFPB Issues Guidance to Address Illegal “Reopening” of Deposit Accounts
Governor Bowman’s Speech at the 2023 TBA Annual Convention
CFPB Takes Action Against Citizens Bank for Unlawful Credit Card Servicing
OCC Revises Bank Enforcement Actions and Related Matters Manual
And more…
Video 3 - June 2023 Updates
Agencies Propose Rule on AVMs Quality Control Standards
PAVE Task Force Takes Action to Address Appraisal Bias
CFPB Issues Spotlight Regarding Use of AI Chatbots in Banking
FTC Submits Annual Report on TILA, CLA, and EFTA Enforcement
CFPB Aims to Simplify Mortgage Servicing Rules
And more…
TOPIC 1 - CFPB’s 1071 Final Rule FAQs
TOPIC 2 - Updates on NSF and Overdraft Fees
BSA/AML
FinCEN Renews and Expands Real Estate Geographic Targeting Orders
FinCEN’s Publishes Its 2022 Year in Review
Treasury Announces 2023 De-Risking Strategy
FinCEN and BIS Issue Alert for Potential Russian Export Control Evasion Attempts
FinCEN Issues Updated FATF Deficient Countries
And more….
CRA & HMDA
““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 ore 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!””
““Adam’s style of presenting difficult material makes a complicated, sometimes dry topic, much more palatable. Having multiple videos is a big help with time management.””
““The Quarterly Compliance Programs are a great way to make certain no key regulatory changes were missed. Adam has a way of presenting compliance information in an engaging way, which is no simple task. He also covers at least one other topic more in depth as a nice review. Love the manuals too, lots of links to resources!””
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 within the first 10 business days after purchase. 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.
