Compliance Class: Spring 2022 Quarterly Compliance Update
With the recent changes in leadership at the CFPB, a new era is upon us. While it will take some time for many of the changes in this new era to unfold, there are many signs and hints as to what is to come over the next few year as it relates to regulatory compliance. To start preparing now for many of the changes that are yet to come, financial institution must ensure their regulatory change management programs not only keep up with current changes, but also look ahead as to what changes are coming down the pike.
This means that financial institutions must spend a great deal of effort monitoring, searching for, and understanding current and potential regulatory changes. While financial institutions often utilize internal resources to do all of the monitoring of regulatory changes, this isn’t usually cost effective when you add up the amount of time necessary to monitor - and understand - the change taking place, let alone determine if the changes apply to the organization. For that reason, we have created a Quarterly Compliance Update program that is designed to provide a quick and easy way to stay informed of the regulatory compliance activity that took place in the prior quarter.
The Spring 2022 Quarterly Compliance Update is designed to provide compliance professionals with the “need to know” information about what compliance activity took place during the months of January, February & March of 2022 (see below for an outline of course topics).
One topic we cover in detail (in Part II of our program) are the BSA Exam Manual changes from December 2021 (which we have not yet covered in a prior program). These changes were particularly interesting as the Exam Manual section on politically exposed persons (PEPs) had a pretty major overhaul and seems to be headed in a slightly different direction than what BSA professionals have been accustomed to.
While specifically designed for Compliance Officers who have the responsibility of keeping up with new rules and regulation changes, this program would be beneficial for anyone with compliance management responsibilities in a financial institution who needs to stay current with changes in the compliance world. For example, this program could be shared with compliance assistants, management, or a Compliance Council/Committee to keep them apprised of current activities and enhancing the organization’s overall compliance management system. In addition, auditors who have the responsibility of reviewing compliance areas would also greatly benefit from this program.
Continuing Education Credits
3.75 CRCM, CAFP, CERP Credit: ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The Spring 2022 Quarterly Compliance Update has been approved for 3.75 CRCM, CAFP, CERP credits. This statement is not an endorsement of this program or its sponsor. Certification holders must report these credits at aba.csod.com.
Class Pricing
Regular Price: $349
PREMIUM MEMBERSHIP: Each of our quarterly compliance updates are included in all three of our premium membership options. Premium members can automatically access this program through the class login option on our site, and by choosing the Spring 2022 Quarterly Compliance Update from the list of classes.
NOTE: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.