Compliance Connection Newsletter – Summer 2020

OnCourse Learning Financial Services
Featured News

Pandemic Preparedness Guide  
We are thinking of you during this challenging time, and while COVID-19 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 online resource guide.

We continue to add new resources to help you do your job efficiently, effectively and engagingly. View our new resource "Returning to Work After COVID-19." Check back periodically for more resources!
Product Announcements

We will be rolling out new enhancements to our student portal beginning this summer in order to make it more accessible to people with disabilities in compliance with Web Content Accessibility Guidelines (WCAG) as well as improve the overall student experience with a brand new look and feel, easier navigation and responsive design. Watch for additional announcements coming soon!

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 Working Remotely, The Internet of Things and Home Security, Protecting Mobile Data and more.

Diversity and Inclusion Series
Diversity and inclusion have been a part of the conversation and on the radar for many businesses for years. Are your employees effectively trained? OnCourse Learning provides education for all employees, from the frontline to the boardroom.

Regulatory Compliance Updates
Consumer Financial Protection Bureau Outlines Responsibilities of Financial Firms During Pandemic

The CFPB issued a statement and FAQs outlining the responsibility of certain financial firms during the pandemic. In the statement, the Bureau outlines the billing error responsibilities of credit card issuers and other open-end non-home secured creditors during the COVID-19 pandemic.


Bank Secrecy Act/Anti-Money Laundering Examination Manual Update

The Federal Financial Institutions Examination Council (FFIEC) is updating several sections and related examination procedures in the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.


Consumer Financial Protection Bureau Issues Final Remittance Rule

The CFPB announced on May 11, 2020, a final rule covering remittance transfers, relating the disclosure of exchange rates and certain fees under certain conditions.


Federal Reserve Board: Flood Insurance Compliance in Response to the Coronavirus

The Federal Reserve Board released a FAQ regarding flood insurance compliance requirements during the COVID-19 pandemic.


NMLS May Offer Remote Proctoring

The NMLS may offer a remote proctoring delivery channel as early as mid-June for candidates seeking to take the SAFE MLO exam remotely. Please view the NMLS document on their website for additional information and updates about alternative testing options.

Resources, News & Blogs


Returning to Work After COVID-19  
As lockdowns are beginning to lift across the country, financial institutions are faced with even more uncertainty. How do you reopen AND keep both your employees and clients safe?

5 Qualities of an Effective Leader During a Pandemic (and Beyond)  
Today's environment offers fertile soil for an effective leader to grow into an exceptional visionary. Where to even start? These five leadership qualities will help you be a more effective leader not only during a pandemic, but for years to come.

What Will Banking Look Like in a Post-Pandemic World?  
We don't know when the United States will return to a sense of normalcy, but we do know that the way clients expect to interact with their financial institution will change.

Why Professional Skills are Important in Financial Services  
We don't know when the United States will return to a sense of normalcy, but we do know that the way clients expect to interact with their financial institution will change.
Upcoming Events
Bank and Credit Union Trainers Virtual Summit
Tuesday, June 23 | 9:00 am – 3:30 pm CT

Weekly Compliance Updates for Uncertain Times
June - Four Part Series

Fridays in June | 1:30 pm CT
Provided by – subject to registration fee
By |2020-06-15T07:45:49-06:00June 12th, 2020|Bank, Credit Union, Financial Services|Comments Off on Compliance Connection Newsletter – Summer 2020