Program Description:
With the universe of compliance rules, regulations, interpretations, and the like growing seemingly more complex every day, the potential to violate the rules multiplies. In addition, many of these rules are not written in everyday English, and there are many gray areas - again increasing the risk of violation. Many of the rules carry significant penalties for noncompliance (both in monetary terms as well as difficult examinations). This webinar concentrates on frequent compliance violations - those rules that historically cause the most violations.
We will discuss both what the common problems are and discuss recommendations on how to fix problems that have already arisen. We will also present several ideas to avoid committing these violations in the first place. Many of the newer requirements in compliance and how to avoid errors will also be discussed.
This two-hour course covers:
- Reg. Z and RESPA problems - timing of disclosures (and how to fix this - it's easier than you think)
- Reg. O - lending to your insiders: an easy rule to violate
- Reg. B / ECOA - probably the last rule you'd want to violate. Suggested ideas for an effective Fair Lending program
- Bank Secrecy Act – many areas to trip up the careful banker including Anti-Money Laundering and the CIP rules
- Privacy issues
- CRA - how to stay one step ahead of the examiners
- HMDA reporting issues, including new issues for 2004
- FACT Act landmines
- Check 21
Plus frequent question and answer sessions throughout this presentation.
Who Should Attend:
Anyone in the institution having compliance responsibilities - when you think about this, it could be just about anyone in the institution. Th is may include members of senior management, operations personnel, lending personnel, underwriters, customer service representative, back-room personnel, and of course compliance officers, auditors, and attorneys, and anyone else in the institution that might benefit from this valuable information.
Presenter:
Carl Pry, J.D., Director of Fair Lending Compliance for KeyBank in Cleveland, Ohio. Mr. Pry provides a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.
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