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CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
Keeping
up with the CFPB can be a full time job as they continue implementing a
consumer protection agenda by adopting new rules, issuing high dollar
restitution enforcement actions and collecting consumer complaint data.
While your financial institution probably isn't regulated by the CFPB, the
other regulators are following their lead with a focus on "evaluating
consumer harm".
Attend
this session and learn what's new, what's old, and what's next. This
webinar will help you prevent costly mistakes and leave with tips and
strategies to manage regulatory reform more effectively.
Topics
Covered:
- What's NEW? ◦Military Lending Act became effective
October 3rd. Are you in compliance?
- What's OLD?
- Post TRID review and resources
- Common TRID questions and unresolved issues
- Building an effective TRID monitoring program;
"TAKE AWAY" checklist
- Recent CFPB "clarifications"
- Flood rule review and resources
- New detached structure exemption
- New escrow rules
- OLD monitoring requirements, insurable value,
multiple buildings, flood insurance fundamentals
- What's NEXT?
- HMDA – summary of the new rules effective January
1, 2018 – SPOILER ALERT – There was a two year lead time because the
changes are complicated!
- Details of the new coverage rules – who collects
and submits information
- What types of loans are reportable now, and
changes happening for collecting 2018 data
- The new dwelling-secured loan standard – what are
the impacts
- Changes for commercial loans
- New coverage for HELOCs
- New LAR fields – expanded to 53 fields, but with
many additional data requirements like "disaggregated"
monitoring for ethnicity and race
- New categories of reporting, including information
on the property, loan type, and loan features; plus identification
information
- Changes to the submission process
- Publicly available HMDA data changes
- It's not too early to develop an implementation
strategy
- What do regulators expect today?
- Strong compliance management system, including
effective training
- Board oversight
- Fair Lending focus, including third party
management, complaint management, and risk based program to detect
potential consumer harm and UDAAP issues
Additional
lending compliance highlights include:
- "Lessons learned" from enforcement
actions
- Nine goals of the CFPB for 2016-2017 (Note – they
released a Consumer Guide for Auto Loans on June 9, 2016; they
continue to focus on debt collection and credit reporting complaint
issues)
Who
Should Attend?:
Compliance
Officers, Internal Auditors, Retail Managers, Lending personnel, Risk
Managers, and any person responsible for lending compliance in 2016-2017. Please forward email to appropriate
person(s).
Instructor:
Susan
Costonis
is a compliance consultant and trainer. She specializes in compliance management
along with deposit and lending regulatory training and began her career in
1978. Susan has successfully managed compliance programs and exams for
institutions that ranged from a community bank to large multi-state bank
holding companies. She has been a compliance officer for institutions
supervised by the OCC, FDIC, and Federal Reserve. Susan has been a
Certified Regulatory Compliance Manager since 1998, completed the ABA
Graduate Compliance School, and graduated from the University of Akron and the
Graduate Banking School of the University of Colorado. She regularly
presents to financial institution audiences in several states and
"translates" complex regulations into simple concepts by using
humor and real life examples.
What
Is A Webinar?:
A webinar
combines the clarity of an audio teleconference with the interactivity and
visual presentation of the internet. All you need to participate is a
telephone and an internet connection. Even if you don't have an internet
connection, you can still participate in the audio session. Listening to
the program over the telephone and following the written materials is an
effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
Options (all options include applicable handouts):
All
options include applicable handouts. You can choose to pay by credit card
or be billed. Additional Live Webinar connections are $75 each.
Option 1: Live
Webinar and 7 Days OnDemand Video Playback - $265
Option 2:
OnDemand Video (six months access) - $295
Option 3: Live
and 6 Months of OnDemand Video - $365
Option 4: CD-ROM
Video (Includes OnDemand Video) - $325
Option 5: Entire
Package (all of the above) - $395
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