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We understand our clients have unique business requirements, so we created flexible training packages to best meet the needs of your financial institution.View Packages
2021-09 September – Board Member Basics
This session will explain your regulatory responsibilities and liabilities. In addition, we will discuss how to make informed decisions as you prepare for your next regulatory exam.
2021-08 August – New Ability-to-Repay (ATR) and Qualified Mortgage (QM) Rules
The CFPB has updated amended its rules on criteria for certain consumer-purpose mortgage loans to be protected from legal action, called the “Qualified Mortgage” rules. This is due in no small part to the expiration of the so-called “GSE Patch,” which allowed some loans with excessive Debt-to-Income (DTI) ratios to qualify. This test has been replaced with a pricing standard dependent on the loan’s APR. As well, a new category of Qualified Mortgages, called “Seasoned QMs,” has been introduced, which will allow for loans with three years’ of good payment history to gain the protections. We’ll discuss these requirements and how they may impact your institution. This is due in no small part to the expiration of the so-called “GSE Patch,” which allowed some loans with excessive Debt-to-Income (DTI) ratios to qualify. This test has been replaced with a pricing standard dependent on the loan’s APR. As well, a new category of Qualified Mortgages, called “Seasoned QMs,” has been introduced, which will allow for loans with three years of good payment history to gain the protections. We’ll discuss these requirements and how they may impact your institution.
- New Qualified Mortgage (QM) Rules
- Types of Qualified Mortgages
- Revised Qualified Mortgage (QM) Rules
- The “GSE Patch”
- New Seasoned QM Rule
- Seasoned QM Requirements
2021-06 June – Best Practices for an Effective Review of Your Bank’s Call Report
As a member of the Board of Directors, your role in the process of authorizing the release of the quarterly Call Report to the FDIC is not insignificant. Learn about the best practices for a director's review and approval of the Call Report to include an assessment of the key schedules to focus on and the questions to ask of your preparation team.
1. Call Report Policy
2. Inquire of Management
3. Compare Balance Sheet and Income Statements
4. Compare Call Reports
5. Detailed Review
2021-05 May – Reduced Regulatory Financial Reporting
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.
- 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
2021-04 April – Anti-Money Laundering Act of 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.
- Division F - Anti-Money Laundering
- New BSA Purposes
- Keep Open Orders and Other FAQs Released
- National Beneficial Ownership Registration Awaiting Regulation
- SAR and CTR Trends
- Sharing Compliance Resources
- FinCEN Sanctions and Fines
2021-03 March – Issues to Consider When Modifying Loans
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.
- Why might an existing loan be changed?
- Flood Insurance
- Right of Recission
- Credit Reporting
- HMDA, CRA, and Fair Lending
- "Qualified Mortgage" Changes
- Bank Secrecy Act Reform
2020-11 November – Deposit Regulatory Update
During this program, learn what has happened in the regulatory scene for deposit accounts. This program can qualify as annual training on several regulations for the Board of Directors.
- Regulation CC
- Nonresident Alien Changes
- Regulation D
- Pending Changes/Updates
2021-02 February – Compliance Priorities in 2021
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.
- 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
- Other Priorities
- Diversity and inclusion
- Pressure on earnings
2021-01 January – Policies, Procedures, and Processes – What Does the Board Need to Do?
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.
- Creation, Detail, Review, Approval and More.
2020-05 May – Board Secretary Procedural and Compliance Responsibilities
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.
- General Responsibilities
- Director and Officer Matters
- Agenda and Package Distribution
- Oversight and Risk Management – What to Document in the Minutes