Compliance Connection Newsletter – Spring 2020

OnCourse Learning Financial Services
Featured News

We are thinking of you during this challenging time, and while #COVID19 brings a great deal of uncertainty, you can rely on us to help reduce the impact on your organization. We have partnered with industry experts to create a new resource. Check back periodically. We will keep this page current with additional resources to help you do your job efficiently, effectively and engagingly. 

View Guide

New Product Announcement

Remote Worker Series
To assist you in training your employees in safely working remotely, in partnership with Inspired eLearning, we are offering a new Remote Worker Preparedness Series which includes the following courses:  
  • Working Remotely
  • The Internet of Things and Home Security
  • Security Awareness for the Home
  • Protecting Mobile Data and Devices
  • Defending Against Phishers
  • Phishing Defense Essentials
New Course: AI in Financial Services 
Overwhelmed by terms like artificial intelligence, machine learning or predictive analytics? You aren't alone! Educate yourself and your team on the role AI will play in financial institutions.
Mortgage HQ 
Take a minute. Ask yourself. How are you retaining your top talent by keeping them engaged - personally and professionally? What are you doing to ensure you're building a world-class mortgage lending organization? Introducing Mortgage HQ.
Regulatory Compliance Updates
Following President Trump's signing of the CARES Act, the Small Business Administration (SBA) and the United States Treasury announced the commencement of a mobilization effort of lending institutions, including banks, to provide small businesses with the capital they need. Learn more

For further information on the CARES Act, including guidance for businesses and employers, can be found on the Small Business Administration's website.

FFIEC's 2020 Guide to HMDA Reporting
The FFIEC posted the 2020 Guide to HMDA Reporting, which reflects updates from the HMDA Rule issued by the CFPB in October 2019. It also addresses reporting due on March 1, 2021 of application and loan data for calendar year 2020. Learn more

FinCEN: Changes to CTR Filing Instructions
Effective April 6, 2020 (September 1, 2020 for e-filing batch filers), FinCEN ruling FIN-2020-R001 announced changes in CTR filing requirements for transactions involving sole proprietorships and legal entities operating under a "doing business as" (DBA) name. Learn more

Regulation D Interest Rates
The Board of Governors of the Federal Reserve published a final rule on February 12, 2020 amending the rates of interest paid on required and excess balances. The rule, 85 FR 7855, increases both rates by five basis points to 1.60 percent. Learn more
New Resources

10 Security Best Practices to Working Remote 
Many of us are working from home. While isolation can make you more productive, it can also make forming important relationships a bit harder. As we all continue to adjust to the changes of physical distancing, OnCourse Learning, in partnered with SBS CyberSecurity, put together this free resource: "10 Security Best Practices When Working."
Continued Learning

5 Ways Training Can Provide Employee Engagement During Social Isolation 
The coronavirus has many of us self-isolating. Just as many of us are worried about keeping in touch with our loved ones, leaders are concerned about staying connected with their staff. With tradition in-person training not a current option, organizations need to adapt.

Post-Pandemic: Are you preparing for what comes next? 
As covid-19 spreads, it’s prudent that financial institutions have a plan in place for when or if a pandemic or disaster occurs. Earlier this week, a top CDC official reported to congress that a global pandemic might be closer than we think. When was the last time you reviewed your pandemic plan and/or business continuity plans?
Bank & Credit Union Guide to the CARES Act and the Paycheck Protection Program 
The Small Business Administration (SBA) and The United States Treasury have announced a joint mobilization effort of lending institutions, including banks and credit unions, to provide small businesses with the capital they need to cover payroll costs and operating expenses. While guidance is still forthcoming, our Payment Protection Program FAQ answers questions from business eligibility to underwriting guidelines.
Impactful Communications – Professional Development 
Provide your employees with the communication skills necessary to interact with internal and external clients with our Impactful Communications series, part of our newly updated Professional Development online course content.
Request a demo of these professional development courses.

Upcoming Events
Join OnCourse Learning at the following upcoming events:

Live WebinarCOVID-19 with Former Surgeon General
April 22 | 11:00 am CST 
Provided by Free

Live WebinarTaking Training from Classroom to Virtual
April 7 | 10:00 am CST
Provided by Subject to registration fee

Live WebinarPandemic Fraud: What's Ahead
April 17 | 10:00 am CST
Provided by Subject to registration fee
By |2020-06-15T07:45:29-06:00April 12th, 2020|Bank, Credit Union, Financial Services|Comments Off on Compliance Connection Newsletter – Spring 2020