Because of the constant change in compliance regulations, staying compliant is a challenging, never-ending process. Luckily, ICBND offers a comprehensive compliance support program: Community Bankers for Compliance (CBC) Sponsored by Young and Associates, Inc., this program gives your bank the resources and support it needs to stay compliant.
Community Bankers for Compliance Program Annual Membership
When you enroll your bank for annual membership in the CBC, you can decide which of your employees will participate in each session. Membership includes:
- attendance at the spring and fall two-day live regulatory seminars
- detailed manual for each two-day live seminar
- two quarterly regulatory update webinars
- monthly Compliance Update newsletter issued electronically
- online and toll free access to Young & Associates for compliance questions
Enroll today to make sure compliance is an established, consistent practice at your bank. For a paper enrollment and for more information click here.
Consent for Use of Photographic Images – Registration and attendance at, or participation in, ICBND meetings and other activities constitutes an agreement by the registrant to ICBND’s use and distribution (both now and in the future) of the registrant’s or attendee’s image or voice in social media, photographs, videotapes, electronic reproductions, and audiotapes of such events and activities.
Community Bankers for Compliance Program Spring Regulatory Seminar
Now presented via electronic means with 4 hours of presentation each day.
Date: April 14 & 15, 2020 9am - 1pm
DAY 1 - Auditing Flood – Avoiding that $2,223 Fine
The first day will begin with the first quarter regulatory update. We will then focus on audit techniques for the entire Flood process, and exactly what to look for when performing the Flood audit. It seems as if monthly there is a bank somewhere paying out a lot of money for Flood violations –
and we would prefer that it not be you.
The primary focus of the seminar will be on be the process of auditing your flood program, both at loan origination and loan servicing. Flood errors can happen almost any time – and the object is to assure that errors are kept to a minimum. Included will be a discussion of the requirements for both public and private flood insurance. Electronic worksheets will be included for all subjects presented.
While the regulation will be discussed, the focus will be on flood pitfalls (the ones that can cost you $2,223 per violation). The discussion will include the truly expensive mistakes – leaned from examiner findings, some from discussions over the years with you on hotline, and some that we have discovered in our audit/review work in banks. These will be presented as case studies, allowing you to contemplate and consider “real life” audit scenarios, and determine what to do to repair the issues (if it can be done). Come prepared to think through some occasionally complex scenarios.
DAY 2 - New Account Opening for Deposits and Loans – Online and In Person
The second day’s subject will be the issues surrounding new account opening for all account types – in person and online. We will begin the discussion with E-Sign requirements. Then we will discuss all the different disclosures required for deposits and loans. We will discuss what each deposit side disclosure has to include, and how to deliver it legally to the applicant/customer. The loan side will focus on the document, not the content.
We will spend significant time on risk rating customers, as required by BSA. Techniques and potential forms will be provided, both in hard copy and electronic. And, of course, we need to address CIP and CDD as part of this process. Even if you have no immediate interest in online account opening, to stay competitive in the marketplace you will have to consider the possibility soon. And the presentation will be valuable even if you do not believe you bank wants to “go there.”
Day 1 and Day 2 subjects were suggested by several CBC members when we requested potential topics for 2020.
Consent for Use of Photographic Images – Registration and attendance at, or participation in, ICBND meetings and other activities constitutes an agreement by the registrant to ICBND’s use and distribution (both now and in the future) of the registrant’s or attendee’s image or voice in social media, photographs, videotapes, electronic reproductions, and audiotapes of such events and activities.
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Sponsored by:
