The Compliance Expert Certificate program is comprised of four key learning areas:

Area 1: Lending - Lending focuses on closed-end and open-end credit, fair lending laws and real estate lending. This includes courses on:   

• Regulation Z: Closed End Credit
• Regulation Z: Open End Credit
• Regulation Z: Purpose, Coverage and Advertising
• Regulation Z: Subpart G
• The Consumer Credit Protection Act
• Regulation B: The Equal Credit Opportunity Act
• The Real Estate Settlement Procedures Act
• Appraisal Standards

Area 2: BSA - BSA provides an intensive look at the Bank Secrecy Act. You will learn about Suspicious Activity Reports, Currency Transaction Reports and Customer Identification Programs. Courses in the area include:

• The Bank Secrecy Act: Reporting and Recordkeeping
• The Bank Secrecy Act: Information Sharing
• The Bank Secrecy Act: Required Programs

Area 3: Deposits

In Area 3, we take a look at the major regulations governing deposits. Courses in this area include:

• Regulation E: The Electronic Funds Transfer Act
• Regulation D: Reserve Requirements
• Regulation DD: The Truth in Savings Act
• Regulation CC: The Expedited Funds Availability Act
  
  

Area 4: Operations

In Area 4 we focus on rules and regulations that are critical to successful bank operations. Courses in this area include:

• Understanding UDAAP
• Regulation BB: The Community Reinvestment Act for OCC, FED, and FDIC Banks
• Red Flags Identity Theft Prevention Programs
• Regulation P: The Gramm-Leach-Bliley Act
  

A thorough understanding of these key compliance areas will be covered in this program to ensure your bank’s policies and procedures are fully compliant with major banking rules and regulations.

Learning Objectives:

• Explain the role of community bankers in bank compliance
• Identify the regulations governing community banking
• Identify the requirements of the laws governing community banking
  

 Course Outline:

• Introduction (7982EN)
• Regulation Z: Closed End Credit (4511EN) –Regulation Z is the primary Federal regulation governing lending in the United States. This module will provide you with a comprehensive look at the requirements banks must follow under Regulation Z regarding closed end loans. Topics include: content of disclosures, treatment of credit balances, valuation independence and prohibited acts or practices.
• Regulation Z: Open End Credit (4510EN – Regulation Z is the primary Federal regulation governing lending in the United States. This module will provide you with a comprehensive look at the requirements banks must follow under Regulation Z regarding open end loans. Topics include: general disclosure requirements, credit and charge card applications and disclosures, balance computation method, and right of rescission.
• Regulation Z: Purpose, Coverage and Advertising (4514EN) - Regulation Z is the primary Federal regulation governing lending in the United States. This module will provide you with a comprehensive look at the requirements banks must follow under Regulation Z regarding coverage, advertising, annual percentage rate and finance charges.
• Regulation Z: Subpart G (4515EN) - Regulation Z is the primary Federal regulation governing lending in the United States. This module will provide you with a comprehensive look at the requirements banks must follow under Regulation Z. Topics include: Reporting and marketing rules for college student open-end credit, limitations on fees and allocation of payments.
• The Consumer Credit Protection Act (6283EN) - The Consumer Credit Protection Act is comprised of several pieces of legislation relating to the consumer credit. This module will provide will provide you with the information you need to know about the Consumer Credit Protection Act by discussing the relevant parts of the following pieces of legislation: TILA, FCBA, The Consumer Leasing Act, FCRA, ECOA, FDCPA, and the EFTA.
• Regulation B: The Equal Credit Opportunity Act (4519EN) - The Equal Credit Opportunity Act (ECOA) of 1974 expands on the Fair Housing Act and makes it illegal for a creditor to discriminate against an applicant's request for any type of credit, not just housing related, based on the applicant's protected characteristics. This module will provide you with the information you need to ensure your bank's policies and procedures are compliant with Regulation B.
• The Real Estate Settlement Procedures Act (4516EN) - The Real Estate Settlement Procedures Act (RESPA) has been a part of mortgage lending since it was passed by Congress in 1974. RESPA was recently updated to implement provisions of the Dodd-Frank Act that required the CFPB to publish integrated disclosure for mortgage transactions which included mortgage disclosure requirements under the Truth in Lending Act and RESPA. The requirements for the integrated disclosures are effective August 1, 2015.
• Appraisal Standards (4512EN) - The purpose of Regulation Y is to ensure that real estate appraisals are performed by competent appraisers in accordance with uniform standards. The goal is to strengthen real estate loans and investments by assuring that the appraisal values used in lending decisions are reliable. The appraisal regulations are designed to help financial institutions avoid losses resulting from overvalued real estate collateral. They apply to certain real estate transactions involving institutions whose deposits are insured by the federal government. This module will provide compliance officers with complete guide to the appraisal standards they need to ensure are in place at their banks.
• The Bank Secrecy Act: Reporting and Recordkeeping (4502EN) - The Bank Secrecy Act (BSA) is one of the main tools the Federal Government uses to combat financial crimes and terrorist activity. The BSA requires banks to assist in preventing crime by enacting sound policies regarding reporting, recordkeeping, and monitoring of potentially criminal activity. This module will provide you with an overview of the recordkeeping and reporting requirements of the Bank Secrecy Act (BSA) as well as a discussion of OFAC compliance.
• BSA: Information Sharing (4503EN) - The Bank Secrecy Act (BSA) is one of the main tools the Federal Government uses to combat financial crimes and terrorist activity. The BSA requires banks to assist in preventing crime by enacting sound policies regarding reporting, recordkeeping, and monitoring of potentially criminal activity. This module will provide you with an overview of the information sharing requirements of the Bank Secrecy Act (BSA).
• BSA: Required Programs (4504EN) - The Bank Secrecy Act (BSA) is one of the main tools the Federal Government uses to combat financial crimes and terrorist activity. The BSA requires banks to assist in preventing crime by enacting sound policies regarding reporting, recordkeeping, and monitoring of potentially criminal activity. This module will provide you with an overview of the Bank Secrecy Act (BSA). We will discuss Customer Identification Programs, Customer Due Diligence Programs, BSA/AML Compliance Programs and the rules regarding correspondent accounts.
• Regulation E: The Electronic Funds Transfer Act (4506EN) - Regulation E: The Electronic Funds Transfer Act establishes the basic rights, liabilities, and responsibilities of consumers who use electronic fund transfer services and of financial institutions that offer these services. Regulation E's goal is to protect consumers who engage in electronic fund transfers. It is important banks ensure all of their electronic fund transfer policies and procedures are in full compliance with Regulation E.
• Regulation D: Reserve Requirements (4518EN) - Regulation D governs reserve requirements for depository institutions. In this module we will discuss Regulation D and the rules your bank must follow to ensure compliance with Regulation D. Topics include Reporting, Payment of Interest on Balances, and Reserve Requirements.
• Regulation DD: The Truth in Savings Act (4507EN) - Regulation DD exists to help enable consumers to make informed decisions about accounts at depository institutions. The regulation requires banks and other institutions to provide disclosures to allow consumers to make meaningful comparisons among the deposit products offered by different institutions.  This module will provide you with a complete discussion of the regulatory provisions of Regulation DD.
• Regulation CC: The Expedited Funds Availability Act (4508EN) - The Expedited Funds Availability Act (EFAA) was approved by Congress due to the abusive hold policies practiced by some financial institutions. The Federal Reserve Board of Governors was directed by Congress to codify the act into regulation. Thus, the act has been designated as Regulation CC. Regulation CC puts into place rules and regulations for the length of time banks can hold checks.
• Understanding UDAAP (6287EN) - Unfair, deceptive, or abusive acts and practices (UDAAPs) can cause significant financial injury to consumers, erode consumer confidence, and undermine the financial marketplace.  The Dodd-Frank Act makes it illegal for any provider of consumer financial products or services or a service provider to engage in any unfair, deceptive or abusive act or practice. This includes banks. Unfair, deceptive, or abusive acts and practices (UDAAPs) can cause financial injury to consumers, harm consumer confidence, and undermine the financial marketplace.  This module will introduce you to UDAAP and show you how to create a UDAAP compliance program.
• Regulation BB: The CRA for OCC, FED, and FDIC Banks (5511EN) - The Community Reinvestment Act (CRA) was enacted as part of the anti-redlining and anti-discrimination legislation of the 1970s. It requires each federal financial supervisory agency to assess an institution's record of helping to meet the credit needs of the local communities in which the institution is chartered, consistent with the safe and sound operation of the institution. Regulation C carries out the CRA by: (1) Establishing the framework and criteria by which the Board assesses a bank's record of helping to meet the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of the bank; and (2) Providing that the regulator takes that record into account in considering certain applications.
• Red Flags Identity Theft Prevention Programs (5514EN) - Every financial institution or creditor that offers or maintains one or more covered accounts must develop and implement a written Identity Theft Prevention Program (Program) that is designed to detect, prevent, and mitigate identity theft in connection with the opening of a covered account or any existing covered account. The Program must be appropriate to the size and complexity of the financial institution or creditor and the nature and scope of its activities. This module will provide you with the information you need to implement and maintain a fully compliant Red Flags Identity Theft Prevention Program at your bank.
• Regulation P: The Gramm-Leach-Bliley Act (4520EN) - The Gramm-Leach-Bliley Act governs the treatment of nonpublic personal information about consumers by financial institutions. This regulation: a) Requires a financial institution to provide notice to customers about its privacy policies and practices, b) Describes the conditions under which a financial institution may disclose nonpublic personal information about consumers to nonaffiliated third parties and c) Provides a method for consumers to prevent a financial institution from disclosing that information to most nonaffiliated third parties by "opting out" of that disclosure, subject certain exceptions.
• 7979EN – Exam

Target Audience:

Community Bank professionals

Duration:

20 hours (24 CPE credits)

Features:

Audio, Hybrid

Module(s):

7982EN 4511EN 4510EN 4514EN 4515EN 6283EN 4519EN 4516EN 4512EN 4502EN 4503EN 4504EN 4506EN 4518EN 4507EN 4508EN 6287EN 5511EN 5514EN 4520EN 7979EN


Format: eLearning