Preventing Lending Compliance Mistakes
This session covers most of the regulations that lenders must follow and outlines many of the specific disclosure and timing requirements. We’ll discuss everything from Regulation AA to Z and provide practical tips to help your lending staff work “smarter” and not harder.
The pace of changes in lending regulations has never been greater. Do you know which regulations “require” annual training? What regulations have been changed by the Consumer Financial Protection Bureau 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”, it can save money. 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 all the regulators.
- BSA training highlights for CIP in the lending area and due diligence for detecting potential money laundering activity
- Fair Lending “best practices” to mitigate the risk factors in underwriting, pricing, and steering
- Reg B requirements for the life of the loan
- Common errors in disclosing real estate secured loans
- Red Flags for Identity Theft and the annual training requirement for the FCRA (Fair Credit Reporting Act and Regulation V dispute procedures)
This informative session is designed for auditors, loan officers, loan assistants, and loan administration staff. This seminar is designed for both those new to lending regulations or more experienced personnel looking for a review of existing requirements.
Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training. Most of her 35-year career was spent as a banker in several areas including lending, marketing, compliance, and senior management. Susan has written numerous training manuals and successfully managed compliance programs and exams for institutions supervised by the OCC, FDIC, and Federal Reserve. She is a Certified Regulatory Compliance Manager, 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.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 hrs. CRCM
Either Live or 6-Month On-Demand Webinar: $255
Both Live and 6-Month On-Demand Webinar: $355
Online: Click here.
Phone: Call Total Training Solutions at (800) 831-0678
Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.