Compliance Management: Back to Basics with Rebekah Leonard, CRCM

Banking compliance touches several aspects of banking – ALL of them in fact!  Whether you work on the deposit side or the loan side of the bank, you have many rules to follow.  Do you ever wonder why?

The short answer is that banks are special.  We take and use people’s money!  When money is the basis of all products and services, lots of rules are needed:  Rules to make sure we keep it safe, rules to make sure people can get it when they need it, rules to make sure we use it wisely, and even rules to keep bad guys from doing bad things with it.

There is no other area in your financial institution quite like compliance.  It is a smorgasbord of seemingly random but interconnected requirements that drive everyone’s job – from the teller to the CEO.  Compliance is the great equalizer!  The daily decisions of a teller can be just as important as the lending decisions made by the Executive Vice President.

Join this webinar to learn:

• The 5 primary reasons banking legislation and regulation exist:
  1. Protect depositors
  2. Ensure monetary stability
  3. Ensure an efficient and competitive financial system
  4. Protect consumers
  5. Meet socio-political goals

• The primary rules for holding deposits:
  • FDIC Insurance
  • Reg D: Reserve Requirements
  • Reg E:  Electronic Fund Transfers
  • Reg CC: Funds Availability
  • Reg DD:  Truth in Savings
  • Reg GG:  Unlawful Internet Gambling
  • Garnishment of Accounts

• The primary rules for making loans:
  • Reg B:  Equal Credit Opportunity
  • Fair Housing Act
  • Reg C:  The Home Mortgage Disclosure Act
  • Reg F:  Fair Debt Collection Practices
  • Reg G:  Registration of Mortgage Loan Originators
  • Reg O:  Insider Lending
  • Reg X:  RESPA
  • Reg Z:  Truth in Lending
  • Flood Insurance rules
  • Military Lending Act
  • Appraisal Rules

• Rules that apply to everyone in banking:
  • Reg P:  Privacy
  • Safeguarding Customer Information
  • Fair Credit Reporting Act
  • Overdraft program requirements
  • Reg Flags Rule: ID Theft Prevention
  • Bank Security
  • Servicemembers Civil Relief Act
  • Bank Secrecy Act / Customer Identification Program
  • Community Reinvestment Act
  • Unfair or Deceptive Acts or Practices
  • Handling customer complaints

It may seem overwhelming, but many rules and regulations share common themes.  This webinar will provide a summary to help you see the full picture.  All of it harmonizes together into one symphony, and every bank employee brings an instrument to the stage.

Gaining this overview of the Big Compliance Show will allow you to be a better employee, team member, and well-rounded banker.  Foster collaboration and communication within your organization, and maybe even see where your interests lie for future career development!

All information will be presented from the perspective and real-life experience of a veteran compliance pro (25+ years!) who (like you, perhaps) is curious by nature and simply wondered why things are what they are!