The Director program is a collection of 21 short primer CDs that provide pertinent information for experienced and new directors. These programs incorporate elements of today's economic picture to show the relevance of the regulatory guidance for all banks. Each program is approximately 15 minutes in length.

Available in Windows Media Player Format

Written and produced by Chaotic Solutions.

Red Flags for Directors

Topics covered include importance of asking questions, types of reports financial, credit management, liquidity risk management, interest rate risk management, investment portfolio management, consumer compliance, management information systems, Internet banking, and problem areas.

Roles and Responsibilities of Bank Directors

Topics include role of bank directors, responsibilities, maintaining independence, staying informed, qualified management, supervising management, monitoring, providing for independent reviews, heeding supervisory reports, avoiding preferential treatment, Board members and composition, and Board's role in risk management.

Responsibilities Concerning Lending and Loan Portfolio

Topics include lending risks, nine elements of risk, credit risk profile, loan portfolio objectives, strategic planning for the loan portfolio, loan policy, credit underwriting practices, effective risk management, identifying concentrations of credit, managing concentrations of credit, stress testing, allowance for loan and lease losses, credit management information systems, loan review program, and loan review personnel.

Fair Lending

Topics include Equal Credit Opportunity Act, Fair Housing Act, types of discrimination, disparate treatment, overt evidence of disparate treatment, comparative evidence of disparate treatment, redlining, disparate impact, Community Reinvestment Act, and referrals to the Department of Justice or HUD.

Regulatory Compliance

Topics include director's responsibility for regulatory compliance, compliance activities, compliance function, compliance management program, organizational structure, policies and procedures, compliance audit function, and examinations.

Controlling the Bank's Destiny

Topics covered include Board qualifications, basic oversight responsibilities, corporate governance, strategic plan, enterprise risk management, business plan, setting financial goals, key measures of business performance, and serving the community credit needs.

Obtaining, Keeping and Motivating Employees

Topics include Board responsibility, management responsibilities, qualifications, performance review, job descriptions, turnover, training, management succession and HR policy, retaining quality employees — compensation, and motivating the brightest and best.

Working with Regulators in this Environment

Topics include the regulators, supervision and regulation, safety and soundness, consumer protection, risk management, examinations and problems, and importance of working with regulators.

New Requirements for Credit Cards and Home Equity Plans

Topics cover the disclosure requirements for credit cards and open end plans (not home secured) and home equity plans including 45 day advance notice, interest rate reduction, interest rate increase due to delinquency, consumer rejection of agreement changes, and timing requirements for periodic statements.

Regulation Z Closed End for Directors

This program covers the disclosure requirements for closed end and the requirements and prohibitions for "certain closed end loans" and "higher priced loans".

Advertising Requirements for Bank Directors

This program covers the advertising requirements for lending, as covered in Regulation Z, open end and closed end.

Real Estate Settlement Procedures Act (RESPA) Requirements for Directors

This program covers the latest amendments to RESPA. Topics covered include definitions, the Good Faith Estimate (GFE) and the requirements to provide, limitations in fees, time periods, tolerances, the changed circumstances for when a new good faith estimate may be provided; use of the HUD-1 and average charge, escrow account requirements, and what this means for Directors.

Directors Training on Appraisal Guidelines

This program reviews the Interagency Appraisal and Evaluation Guidelines issued in December 2010. This program focuses on the regulatory agencies’ expectations for an institution’s appraisal and evaluation program to conduct real estate lending in a safe and sound manner. The program includes: Independence of the Appraisal and Evaluation Program, Selection of appraisers and persons who performs evaluations, Minimum appraisal standards, Evaluation development, Validity of appraisals and evaluations, Reviewing appraisals and evaluations, Program compliance and Referrals.

Effective Strategic Planning

Effective Strategic Planning is a program for Directors that describes the role directors play in the process. The program covers the planning process including the elements that the plan should consider; the importance of contingency planning; the types of policies the bank should have in place and the critical elements of each policy; and planning for the short and long term.

CAMELS Rating System for Directors

CAMELS Rating System for Directors covers the Uniform Financial Institutions Rating System including the CAMELS categories (capital, assets, management, Earnings, liquidity, and sensitivity to market risk.

Board Committees

This program reviews the responsibilities of board members from both team and individual perspectives. The program covers appropriate committee structure, committee charters, board minutes, meeting preparation and different types of committees. This program makes good companion resource for Audit Committee for Directors CD-ROM.

Audit Committee

This program discusses regulator’s expectations of the board’s audit committee. The program addresses the internal and external audit programs, risk assessment based auditing and the different types of audits banks may consider. Board reports and red flags in those reports are also covered.

Bank Secrecy Act

This program covers the background of the Bank Secrecy Act, the requirements of a BSA/AML program including the customer identification program and a brief overview of record keeping and reporting. Director responsibilities for internal controls, independent testing and BSA red flags are also covered.

Loan Review Committee for Directors

Loan Review Committee for Directors program discusses the responsibilities of the loan review committee, essential elements of the loan review program including policy, qualifications of personnel, frequency, scope and depth of reviews, Board reports and red flags.

Loan Committee for Directors

This program covers the responsibilities of the committee including loan policy, approval process, loan portfolio management overview, risk diversification, reports and red flags.

UDAAP for Directors

Unfair Deceptive Abusive Acts or Practices (UDAAP) for Directors covers understanding what UDAAP is, how it affects the bank, the importance of having a strong customer complaint program, Red Flags, and considerations for assessing risk.