The challenge of keeping pace with the ever-changing compliance regulations!
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
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
April 13 & 14, 2021
Ramkota Hotel, 800 S. 3rd Street, Bismarck ND 58501 701-258-7700 CHANGED TO VIRTUAL GOTOWEBINAR MEETINGS
Day One: CONSTRUCTION LOAN COMPLIANCE
Ever since the advent of the TILA‐RESPA Integrated Disclosures (TRID) a few years ago, banks have struggled with disclosing a construction or construction/permanent loan. A major part of the problem has been the inability of the Consumer Financial Protection Bureau to clearly articulate the TRID requirements. This inability has created problems for bankers, loan software companies, auditors and consultants, regulators, and most importantly – consumers. And while we have a clearer picture now, there still are questions that remain unanswered.This seminar will discuss the variety of legal ways to structure and disclose construction and construction/permanent loans, and the impact those decisions may have on your institution and consumers. After discussing the construction product and disclosure possibilities, we will then take those possibilities and apply them to the TRID disclosures themselves.For the TRID portion of the seminar, we will be focusing on two elements. The first will be the timing of the Loan Estimate and Closing Disclosure in a construction or construction/permanent loan. This discussion will be relatively brief, as we discussed general TRID timing requirements during our 2020 CBC presentations.The balance of the TRID presentation will focus on the TRID forms themselves, discussing the options available and the requirements to complete the Loan Estimate and Closing Disclosure. As with the timing discussion, we will limit our discussion to those areas which carry the most TRID risk for construction and construction/permanent loans. The teaching manual will only include the information that will be discussed in the seminar. A more complete set of TRID manuals, covering all TRID requirements, will be available to member attendees via the web.
Day one: 10:00am to 4:30pm Virtual Webinar
Who Should Attend
Compliance officers, senior mortgage management, construction lenders andCompliance officers, senior mortgage management, construction lenders andprocessors, and others with responsibilities for consumer construction loans shouldattend. Additionally, audit personnel will find this session useful.
Agenda Main Subject
- Construction and construction/permanent loan product decision making and the impacts of those decisions
- Construction loan TRID timing issues
- Construction loan issues in completing the Loan Estimate and Closing Disclosure
Day Two: FAIR LENDING TECHNIQUES
Early this year the FDIC strengthened their approach to fair lending examinations, and issued a variety of new documents, new procedures, and new checklists that examiners are required to complete. All of the regulators have stated that fair lending is going to play a larger role in examinations, even though the Federal Reserve and Office of the Comptroller of the Currency have not updated their fair lending manuals for a while. If your bank has a fair lending issue, finding it and dealing with it promptly is important..This seminar will deal with techniques that you can use to monitor your bank’s fair lending status. Included will be case studies, techniques, checklists, suggestions for approaches and other aids that will assist you and your bank to prepare for your next (and probably more detailed)fair lending exam. While we will address portions of the regulation briefly, our focus is going to be on methods that apply the regulation to your bank. The presenters will assume that attendees understand the basics of the regulation.Some of the case studies and other material will be fairly lengthy and will be forwarded to attendees for review. Attendees should read and understand them prior to the seminar to get the maximum value from the program. We will not be able to offer attendees sufficient time during the seminar to digest the information. (This will probably be the first time a CBC program includes homework.) This topic was suggested by many attendees when we last solicited topics.The presentation will also include a brief discussion of the new HPML escrow rule.
Day two: 8:30am to 3:00pm Virtual Webinar
Who Should Attend
Compliance officers, senior lending management, lenders, and others with Compliance officers, senior lending management, lenders, and others with responsibilities for lending of all types within the bank. Additionally, audit personnel will find this session useful.
Agenda Main Subject (Presentation order subject to change)
- HPML Escrow
- A brief review of some portions of Regulation B
- Analysis of fair lending using a variety of methods
- Matched Pair
- File Review
- Report analysis
- Other techniques
- A comprehensive review of examination approaches at setforth by the various examiners
Regulatory Seminar 2 Day Event Fees:
ICBND and Community Bankers for Compliance (CBC) Members: If 2021 annual dues of $1,500 for one attendee or $1,800 for two attendees has been paid, no additional cost for this session.
$200 per 2-day session for each additional attendee above 2 attendees.
ICBND Members who are not members of the CBC Program: $950 per 2-day session for the first attendee.
$600 per 2-day session for each additional person.
$1,400 per 2-day session for the first attendee.
$1,000 per 2-day session for each additional attendee.
To register:CLICK HERE
Live Regulatory Seminar:September 21 & 22, 2021
Holiday Inn Bismarck, 3903 State Street, Bismarck ND 58503 701-751-7700
Regulatory Update Webinar
May 21, 2021
November 19, 2021
Who Should Attend
The focus of the CBC is always regulatory compliance. It is essential that your bank’s compliance officer attend. But because regulatory compliance should be approached from a team perspective, many banks find it extremely beneficial to send additional employees to sessions on topics that relate directly to their positions in the bank. These employees typically come from the customer service, lending, or operations departments in the bank. To support this team effort, the CBC has been priced to enable your bank to send additional employees at a substantial savings.
About the Young & Associates, Inc.Instructors for the CBC Program
Bill Elliott CRCM, Director of Compliance Education
With over 40 years of banking experience, Bill Elliott leads the compliance department at Young & Associates, Inc. where he conducts compliance reviews, leads compliance seminars, conducts in-house training, and writes compliance articles and training materials. During his career as a banker, Bill spent 15 years as a compliance officer in a large community bank. He has also been a lender for consumer, commercial, and mortgage loans, and has managed a variety of bank departments including loan review,consumer/commercial loan processing, mortgage loan processing, loan and credit administration, collections,and commercial loan workout.
Sharon Bond CRCM, Consultant
Sharon Bond is a consultant with Young & Associates, Inc. where she specializes in Consumer Compliance. Sharon works on a variety of compliance-related issues, including leading compliance seminars,conducting compliance reviews for all areas of compliance, conducting in-house training, and writing compliance articles and training materials. With over 30 years of industry experience, she has a strong background in mortgage lending and in federal consumer compliance laws and regulations. Sharon was an Associate National Bank Examiner with the Office of the Comptroller of the Currency (OCC) for five years. She holds the designation of Certified Regulatory Compliance Manager (CRCM) and the Six Sigma Qualtec Black Belt certifications.
Dale Neiss CRCM, Consultant
Dale Neiss is a compliance consultant with Young & Associates, Inc. With over 30 years of banking experience in Denver, CO, Dale has developed and implemented compliance management systems,loan review and community reinvestment act (CRA) programs, and enterprise risk management (ERM) framework for multiple banks. He has held the titles of Compliance and Loan Review Manager, BSA and CRA Officer, and Enterprise Risk Management Director. Dale began his banking career with the Office of the Comptroller of the Currency in Indianapolis, IN as an associate national bank examiner. At Young &Associates, Inc., he provides consulting and training,as well as writes articles and compliance manuals.He holds the designation of Certified Regulatory Compliance Manager (CRCM) by the Institute of Certified Bankers in Washington, D.C..
Subjects for future seminars will be shaped by regulatory events as they unfold. The CBC quarterly compliance program remains committed to providing as much up-to-the- minute information as possible. The program will closely monitor releases from the CFPB and other agencies to assure that you have the most up-to-date and accurate information possible.
For more information on CBC Membership call Jessie Pfaff at 701.258.7121.