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This segment will provide insight into the reduced financial reporting options that have been made available to banks over the past few years. There is no question about the significance of the regulatory burden that all banks face on a daily basis. The regulators have offered several options to allow for reduced financial reporting for certain eligible banks that can make the Call Report preparation process more manageable for your accounting and financial reporting team.

Covered Topics:
– Section 205 of the Economic Growth, Regulatory Relief and Consumer Protection Act
– Reduced Reporting for Banks with $5 billion and less in total assets.
– The Community Bank Leverage Ratio
– Reduced reporting for Bank’s with less than $10 billion in total assets
– Financial Institutions Letters 99-2020, 108-2020, and 111-2020

During this program, your directors will receive an overview of the Anti-Money Laundering Act of 2020 that was passed in 2021. It will have great implications into your future BSA programs. This session covers de-risking, a national database for beneficial ownership, higher fines and penalties for BSA and Keep Open Directives from law enforcement. It is a good update of this massive bill and will count towards your BSA Director’s Training.

Covered Topics:
– Division F – Anti-Money Laundering
– New BSA Purposes
– De-Risking
– Keep Open Orders and Other FAQs Released
– National Beneficial Ownership Registration Awaiting Regulation
– SAR and CTR Trends
– Sharing Compliance Resources
– FinCEN Sanctions and Fines

With many consumers and businesses in distress due to pandemic and related financial stresses, borrowers are in trouble. As a result, your institution is likely inundated with requests for accommodations or other sorts of assistance to keep from defaulting. But compliance doesn’t take a vacation; there are many requirements that must be followed when refinancing or modifying a loan. This discussion will center on those requirements so that you can be certain not to miss anything when changing a loan.

Covered Topics:
– Why might an existing loan be changed?
– Disclosures
– Flood Insurance
– Appraisals
– Right of Recission
– Credit Reporting
– HMDA, CRA, and Fair Lending
– “Qualified Mortgage” Changes
– Bank Secrecy Act Reform

Your Board is responsible for everything that goes on in your institution. However, the Board hires management to carry out the day to day duties. Most institutions have more policies and procedures than are required. Additionally, most policies contain too many details and are actually ineffective. Policies are used by the Board to explain the “What” and the “Why”. Procedures should then be developed by management to carry out the “Who, Where, When and How” of these policies. Complete this course to help you understand what policies are required and how much detail (or little) they should contain.

Covered Topics:
– Policies
– Procedures
– Processes
– Creation, Detail, Review, Approval and More.

With 2020 behind us, 2021 will be more than just ‘picking up the pieces’ of COVID-19. The pandemic has fundamentally changed many aspects of banking – accelerating certain trends and introducing others. Plus, we now have a new political environment, with a new President and Congress. All this points to a very active year in risk and compliance for financial institutions. We’ll discuss how these trends will impact the banking regulatory environment: what to look forward to, what we know will be happening, and what to expect.

Covered Topics:
– Regulatory Changes
– Qualified Mortgages
– BSA reform
– Foreclosure and eviction moratoriums
– PPP extensions
– Stimulus payments
– A new political landscape
– Renewed enforcement
– Rules changed or repealed
– Remote environments and digital commerce
– Social distancing and branches
– New technologies – Remote Online Notarization & E-SIGN
– Cybersecurity
– Other Priorities
– Diversity and inclusion
– Pressure on earnings

Your Board of Directors are required to be updated and kept current on BSA issues. This concise training program explores all the major BSA and OFAC issues of 2020. It includes potential legislation on beneficial ownership and the Safe Banking Act as well as an overview of what it means to “know your customer”. Your board will enjoy this event and hopefully, learn how to provide oversight for the bank’s risk.

Covered Topics:
– Customer Identification Programs (CIP) & Customer Due Diligence (CDD)
– Illicit Cash Act
– How to handle High-Risk Customers such as Marijuana and Hemp businesses
– CTR and SAR filings and forms
– Recordkeeping – Wires and Monetary Instruments
– 314 a and 314 b
– OFAC

Your role as Board Secretary is integral to the efficient operation of board meetings. The minutes you “scribe” are a key part of the documenting of discussions and decisions. Your minutes are utilized by many, including directors, management, legal counsel and examiners. In this program, you will find out how to master the critical responsibilities of Board Secretary.

Covered Topics:
– General Responsibilities
– Director and Officer Matters
– Agenda and Package Distribution
– Oversight and Risk Management – What to Document in the Minutes

The foundation for every safety & soundness exam is the CAMELS rating system. Examiners look at numerous “assessment factors” for each component of your rating. We will look at what management and the board must consider to be in compliance and to maintain safe and sound financial performance. We will discuss examiner hot spots, as well. This session will help you understand the big picture and how the efforts of all departments piece together.

Covered Topics:
– Understand the purpose of the CAMELS rating system
– The six components of CAMELS
– Assessment factors examiners dig into when reviewing each component in your institution.
– Examiner Hot Spots
– How to obtain a “strong” score, and what could happen if the institution is determined to be “critically deficient”

Cannabis is one of the most difficult industries to understand with the myriad of state and federal laws. During this program, we will review updates to Cannabis laws as well as potential pitfalls that arise when working with customers in this industry. We will also discuss potential solutions to current issues as well as policies to mitigate risk. Just understanding the issues involved with marijuana and hemp will help your Board make good decisions regarding this interesting and growing industry.

Covered Topics:
– Products of the cannabis plant and definitions
– Where are we with the Safe Banking Act?
– Understanding the current USDA regulations on hemp
– How to write your policy and procedures for marijuana, hemp, or both
– Making a decision is this new and uncertain industry