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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Regulatory change management has become a pillar of an effective compliance management system or CMS. Regulators expect financial institutions to have a system that allows them to both identify and then effectively implement regulatory changes so that it does not get behind on their compliance responsibilities which could lead to compliance deficiencies or worse, consumer harm.
In today’s environment, regulatory changes seem to happen on an almost daily basis, creating a burden of keeping up with regulatory activity that is greater than ever before. This means that financial institutions must spend great efforts and resources in keeping up with these changes, or they risk something falling through the cracks. Yet, compliance budgets are often extremely tight and have limited opportunities for additional staff to assist with the monitoring of regulatory changes. This is where outsourcing can be an extremely efficient and effective solution to regulatory change management.
While some financial institutions 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 actually apply to the organization. For this 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. In other words, our quarterly compliance update program can assist you with your regulatory change management program for a fraction of the cost of hiring additional internal staff to assist with this function.
Each quarter, we release a new Quarterly Compliance Update program so that we cover all of the regulatory changes that take place throughout the entire year. This is accomplished through our four Quarterly Compliance Updates: Winter, Spring, Summer, and Fall. Each new quarterly compliance update covers all of the regulatory activity for banks and credit unions (including BSA) that took place in the prior quarter, ensuring that nothing falls through the cracks.
Our Winter 2025 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 2024 (see below for an outline of course topics). This quarter’s program is again packed with a ton of information and provides attendees with a great option to ensure that nothing gets overlooked.
For each quarterly update class, we focus on a different featured topic for Part II of our program. Part II of our Winter 2025 Quarterly Compliance Update focuses on the Reconsideration of Value (ROV) as it relates to appraisals. Appraisals have been a significant focus in fair lending over the past couple of years. Regulators have discussed that one way to mitigate the risk of appraisal bias is to allow consumers to request a ROV. In Part II, we will cover the Reconsideration of Value guidance released by the agencies in 2024. Our aim is to provide an overview of what financial institutions should be aware of and what examiners are saying regarding appraisal bias and the Reconsideration of Value process.
While specifically designed for compliance officers and risk managers 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.
5 CRCM, CERP, 0.5 CAFP credits. ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The Winter 2025 Quarterly Compliance Update has been approved for 5 CRCM, CERP, 0.5 CAFP credits. This statement is not an endorsement of this program or its sponsor. Certification holders must report these credits at aba.csod.com.
EARLY BIRD: $329 (Regular: $399)
NOTE: Our Premium Membership enrollment is currently ongoing! Premium members automatically have access to each Quarterly Compliance Update once it is released. For those wanting to enroll in all four Quarterly Compliance Updates each year, a premium membership will offer you access to each quarterly update at a discounted, bundled price. You can learn more about our premium memberships by clicking here.
PREVIEW BEFORE YOU PURCHASE? If you would like to demo this class before you buy 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 59 minutes.
The content of this program includes:
Introduction
Misc Agency Activity (October, November, December)
UDAAP activity
Fair lending activity
Lawsuits, enforcement actions, and fines
FDIC rule compliance date changes
Overdraft program problems
Consumer data
Small business lending disparities
Regulator supervision insights, guidance, and statements
Elder financial exploitation
RESPA Section 8
And more…
FEATURED TOPIC: Interagency Guidance on ROVs for Residential Real Estate Valuations
Final Interagency Guidance
Additional Updates and Guidance from Regulatory Agencies
HUD’s Guidance on Appraisal Reviews and Reconsiderations of Value
Risk Mitigation Best Practices to Avoid Appraisal Bias
BSA/AML
Regulator Cease and Desist Orders
FinCEN Rules
FinCEN Updates
FinCEN Alerts
Info from FATF
And more….
CRA, HMDA, & 1071 Updates
CRA Ratings
CRA Asset-Size Thresholds for 2025
2025 HMDA Exemption Threshold
HMDA Demographic Information problems
““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 ore 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!””
““Adam’s style of presenting difficult material makes a complicated, sometimes dry topic, much more palatable. Having multiple videos is a big help with time management.””
““The Quarterly Compliance Programs are a great way to make certain no key regulatory changes were missed. Adam has a way of presenting compliance information in an engaging way, which is no simple task. He also covers at least one other topic more in depth as a nice review. Love the manuals too, lots of links to resources!””
““Adam has a way of making Compliance Training entertaining. He adds relevant stories to break up the dry regulatory language. I highly recommend Compliance Cohort for your training needs.””
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 within the first 10 business days after purchase. 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.
