Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
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The Winter 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 October, November & December of 2021 (see below for an outline of course topics).
The fourth quarter of 2021 had plenty of activity. In fact, we covered so much information that the program runs over 3 hours long.
One topic we cover in detail (in Part II of our program) is the Interagency final rule on cyber-incident notification. This new rule, which requires compliance in early 2022, sets forth a rule that banking organizations must notify their primary Federal regulators of certain computer security incidents. While the rule itself isn’t the biggest rule, there are a number of details that may make it a bit complicated as financial institutions implement this rule. Our program answers the following questions related to the interagency final rule on cyber-incident notification:
Which financial institutions must comply with the new final rule?
When does the clock start ticking on the new notification timeframes?
What and where does a financial institution need to provide to its regulator?
What are the notification requirements for third parties who may have a computer-related incident?
What steps can financial institutions take to comply with the new requirement?
In addition to our section on the new cyber-incident notification requirements, our program also covers topics like CFPB updates, FDIC guidance, FTC penalties, BSA/AML changes, upcoming regulations, and other updates you would expect to know as part of regulatory change management. While regulatory change management is clearly expected from examiners, it can often be a bit challenging to implement in real life. The goal of our Quarterly Compliance Updates are to streamline the regulatory change management process - sort of an outsourcing of gathering and understanding regulatory changes - in order to help compliance professionals be more effective in their organizations.
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.
4.0 CRCM Credits: ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The Winter 2022 Quarterly Compliance Update has been approved for 4.0 CRCM credits. This statement is not an endorsement of this program or its sponsor. Certification holders must report these credits at aba.csod.com.
RGULAR PRICE - $349
PREMIUM MEMBERSHIP: For those interested in purchasing all four Quarterly Compliance Updates, our Premium Memberships offer a bundled rate - along with additional training and member benefits. You can view our premium membership options by clicking here.
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.
The class is presented in multiple videos and covers the following topics from the prior quarter. Due to time constraints of the program and perceived applicability to attendees, some topics will be reviewed in greater details than others.
The total teaching time of this program is 3 hours and 17 minutes.
The tentative content of this program will include (but could change once finalized):
Misc Agency Activity
Video 1 - October 2021 Updates
Introduction
Liberty Bank, Inc. Consent Order
HUD Issues ANPR on Transitioning Away from LIBOR
Acting OCC Comptroller Remarks on Board Diversity
New CFPB FAQs on Debt Collection Rule
And more…
Video 2 - November 2021 Updates
CFPB Credit Report Findings for Minorities
CFPB Guides for Consumers on Elder Financial Abuse
Joint Statement on Mortgage Servicing Rules
Fed Revises LIBOR FAQs
And more…
Video 3 - December 2021 Updates
CFPB Research on Banks’ Dependence on Overdraft Fees
OCC Solicits Academic Papers on Climate Risk
OCC Reports on Effects of COVID-19 Pandemic on Federal Banking System
CFPB Releases Supervisory Highlights for Early 2021
And more…
FEATURED TOPIC - Agencies Issue Rule on Cyber-Incident Notification
Introduction
Background
Discussion of Final Rule
Other Rulemaking Considerations
Final Rule
BSA/AML
Treasury Continues Effort to Combat Ransomware
OFAC Publishes Sanctions Guide for Virtual Currency
FinCEN Issues Ransomware Trends Report
FinCEN Announces CIP Relief for Casinos
And more…
CRA & HMDA
CRA
Agencies Release CRA Ratings
Agencies Release List of Planned CRA Exams
OCC FAQs on Rescission of June 2020 CRA Rule
OCC Issues Final Rule to Rescind its 2020 CRA Rule
Agencies Release CRA Asset-Size Thresholds for 2022
HMDA
CFPB Requests Info on Detecting Discrimination Through HMDA
Revised HMDA Interagency Examination Procedures
2022 HMDA Exemption Threshold
PREMIUM MEMBERSHIP: For those interested in purchasing all four Quarterly Compliance Updates, our Premium Memberships offer a bundled rate - along with additional training and member benefits. You can view our premium membership options by clicking here.
““The videos are very informative, Adam is a great teacher and funny too, and the manuals are awesome!””
““The information is always something that is usable. I have found that I have learned something new almost every time. They are more enjoyable than sitting in a classroom and more cost effective because you do not have to drive somewhere for the training.””
““This is a great reliable resource, not your typical hum drum boring compliance training. Adam finds a way to make it engaging!””
““Adam does a great job of conveying the quarterly changes and activity in his quarterly updates. Great information and the material is available for printing and future use.””
““The presentation method was great and the comprehensive manual that came with the class was a good add on!””
This Compliance Class can be completed without leaving your office and provides you with everything you need to know about what compliance related activity took place during the prior quarter.
The class includes the following:
A comprehensive manual
A “virtual classroom” instructional video
60-day access to the class
Certificate of completion (1 per registration - available upon request)
All of our Compliance Classes are presented in our virtual classroom approach. This approach is designed to bring the presenter to you (at a fraction of the cost of having a live person) and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment. In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
Certificates of completion are available upon request. One certificate is available per registration.
When you purchase this compliance class, you get instant access to the online version of this class for 60 days. You will also receive an electronic version of the accompanying manual to keep.
We believe in our training products so much that we are offering a 100% money back guarantee. If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will either make things right or provide 100% of the purchase price back to you.
