Mandatory Compliance Series: Compliance Rules Lenders Must Know
Date: June 5, 2013
Time: 2:00 PM- 3:30 PM CST
About:
The pace of changes in lending regulations is unprecedented. Do you know which regulations require annual training? What regulations have been changed by the CFPB because of the Dodd-Frank Financial Reform Act? Which regulations cause the most-frequent problems in passing compliance exams? What should lenders understand about money laundering and suspicious activity in the loan process?
Compliance training for lenders is no longer “optional” and it can reduce loss. Flood insurance violations have increased to $2,000 per incident with NO annual limit. HMDA data accuracy issues continue to cause civil money penalties and fair lending remains an exam focus with regulators. This session will cover everything from Regulation B to Z and outline specific disclosures and timing requirements. Attendees will receive checklists and guidance to help lending staff work smarter, not harder.
HIGHLIGHTS
> BSA annual training requirements for CIP in the lending area and due diligence for detecting potential money laundering activity, plus Suspicious Activity Report (SAR) basics
> Fair lending “best practices” to mitigate the risk factors in underwriting, pricing, and steering
> Reg B requirements for the life of the loan – how to take and process an application
> HMDA data compilation overview, common problems, and best practices
> Flood requirements overview, including triggering events and coverage calculations
> Most-common errors in consumer real estate secured loans and how to prevent them
> Red Flags for Identity Theft and annual training requirement for the Fair Credit Reporting Act
> TAKE-AWAY TOOLKIT
- Matrix of 37 types of real estate secured loans (consumer and commercial) showing the required disclosures, timing, and helpful guidance
- Matrix of suggested training topics by job function for consumer, mortgage, commercial lenders, and loan operations staff
- Checklists to prevent common lending compliance mistakes in Regulation B (Adverse Action), HMDA, and flood, plus a rescission guidance chart
- RESPA “cheat sheet” for applicability and common mistakes
Registration Options:
Live Webinar- $200
The LIVE WEBINAR option allows you to have one
telephone connection for the audio portion and one Internet connection
(from a single computer terminal) to view online visuals as the
presentation is delivered. You may have as many people as you like
listen from your office speaker phone. Registrants receive a toll-free
number and pass code that will allow entrance to the seminar. The
session will be approximately 90 minutes, including question and answer
sessions. Seminar materials, including instructions, pin number, and
handouts will be emailed to you prior to the broadcast. You will need
the most current version of Adobe Reader available free at www.adobe.com.
On Demand Web Link & CD- $200
Can’t attend the live webinar? The ON-DEMAND WEB LINK
is a recording of the live event including audio, visuals, and
handouts. We even provide the presenter’s email address so you may ask
follow-up questions. Approximately 1 week prior to the webinar, you
will receive an email with the web link. This web link can be viewed
anytime 24/7, beginning 6 business days AFTER the webinar and will
expire 6 months after the live program date. But there's more . . . AS
AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.* The
CD ROM includes the original audio/visual presentation, the question and
answer sessions, and the handouts. Use the on-demand link or this
“off-the-shelf” training program for those that could not attend the
live seminar and for future training.
Live Webinar & On-Demand Web Link (INCLUDES FREE CD-ROM)- $250
Includes options 1 and 2 above
Special Registration Option for member credit unions under $20 million-$169
On-demand link only (does not include CD or live webinar)
*To register for this webinar, click here.
For more information, please contact Carrie Buchholz at:
(P) 405.702.8622 ext. 215
(E) carrie@cuaok.org
Speakers | |
| Costonis, Susan | |
|
Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training. Most of her 34-year career was spent as a banker in several areas including lending, loan administration, electronic banking, and compliance risk management. Susan has written numerous training manuals and successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has worked for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real life examples. | |