Anatomy of a Regulation for Compliance Professionals
Discover how laws are created, and how regulations are developed and structured to fulfill their intent. Throughout this course you will learn about the standard means for referencing a citation and receive tips for researching various laws and regulations more efficiently.
After completing this course, students will be able to:
• Explain the purpose of federal banking laws and regulations
• Explain how bills become law and describe the structure of a typical law
• Describe the structure and format of regulations
• Identify sources of guidance and practical tips for understanding and interpreting federal laws and regulations
BSA/USA Patriot Act for Compliance Professionals
An overview of the background, purpose, coverage and enforcement of the Bank Secrecy Act (BSA), as updated by the new components required by the USA PATRIOT Act, along with other anti-money laundering considerations.
After completing this course, students will be able to:
• Explain the importance of a risk assessment program
• Describe the purpose and significance of the customer identification program
• Discuss your bank’s customer due diligence policies, procedures and processes
• Explain the requirements for suspicious activity reporting
• Identify currency transaction reporting requirements and the two categories of exemptions
Digital Compliance for Compliance Professionals
The fundamental issues of compliance in the age of electronic signatures and the Web, as well as how to apply the
various rules when engaging with customers and employees in the digital world.
After completing this course, students will be able to:
• Explain the advertising rules for financial institutions
• Define social media and the FFIEC guidance requirements
• Describe the regulatory considerations associated with digital banking services
• Explain mobile banking services and the regulatory requirements
• Identify the considerations for a vendor handling a bank’s digital channels
Electronic Funds Transfer Act (Reg E) for Compliance Professionals
An overview of the fundamental requirements of the Electronic Funds Transfer Act (EFTA) and Regulation E, with
examples of dispute resolution application and checklists.
After completing this course, students will be able to:
• Describe the disclosures required by Regulation E and the penalties, and violations for non-compliance
• Define electronic funds transfer error resolution
• Explain how to handle inquiries about customer liability
• Explain the Regulation E rules pertaining to debit cards and ATM overdraft fees, and fee restrictions and
expiration dates on gift cards
• Identify the transactions and disclosure requirements covered under the foreign remittance rules
Elements of a Compliance Program for Compliance Professionals
A must-have course for understanding the types of risk assessments, key risk indicators, the ranking of risk exposures,
how to manage and control risk, how to identify risk trends and leveraging training to control risk. Learn tips on how to
effectively communicate risks to your senior management and examiners.
After completing this course, students will be able to:
• Explain the key elements that form the foundation of a sound and effective compliance program
• Identify ideas and examples of various ways each element can be integrated into compliance programs for
banks of varying sizes, resources, geographies, and business activities
• Describe how to document and present compliance programs to various constituencies such as senior
management, the Board of Directors, or regulatory examiners
Expedited Funds Availability Act (RegCC) for Compliance Professionals
The basic provisions of Regulation CC, which implements the Expedited Funds Availability Act, focusing on the provisions of the regulation that affect customer-contact functions. An overview of the check processing system, Check 21, and remotely created checks is also included
After completing this course, students will be able to:
• Explain the types of accounts covered under Reg CC and the verbiage that must be included in a hold notice
• Identify items that are subject to next day availability and exceptions to next day availability
• Describe the guidelines for using case-by-case holds and exception holds
• Describe Reg CC requirements relating to check processing
• Identify additional requirements under Reg CC, including disclosure requirements, employee training, and
record retention
Office of Foreign Assets Control (OFAC) for Compliance Professionals
A discussion of the economic sanctions programs under the Office of Foreign Assets Control or OFAC, how they affect banks and the steps banks must take to comply. The fundamental requirements of a compliance program and the relationship between OFAC and BSA is also covered.
After completing this course, students will be able to:
• Describe the purpose of the Office of Foreign Assets Control and some of the OFAC laws and penalties
• Explain who and what is covered by OFAC requirements and other related sanction programs
• Describe elements of an OFAC bank compliance program
• Explain how OFAC enforces sanctions compliance
• Describe additional considerations for banks when developing a sanctions compliance program
Privacy/Information Sharing for Compliance Professionals
Focusing on confidential customer information banks are allowed to gather with permissible purpose and requirements for sharing that confidential information when permitted by regulation, this course reviews the key privacy laws and the delicate balance of freedom of speech and the government’s right to mandate some information disclosure. After completing this course, students will be able to:
• Describe the prerequisites that apply to sharing nonpublic personal information (NPI) with nonaffiliated third
parties and define key terms included in the Gramm-Leach-Bliley Act (GLBA)
• Explain the requirements for sharing information among affiliates, and additional privacy notice requirements
and considerations, including alternative delivery requirements
• Describe the GLBA Security Guidelines and components included in an information security program and
actions banks must take to properly manage and control risk, and the requirements under the Right to
Financial Privacy Act for disclosure of financial institution records
• Describe key laws and regulations that impact bank marketing strategies and how banks communicate with
customers
• Explain requirements and definitions of the FTC rule for the Children’s Online Privacy Protection Act (COPPA),
and the requirements of HIPAA/HITECH Act, including bank products provided to covered entities included
under HITECH and financial institution activities that are subject to HIPAA
Reserve Requirements for Depository Institutions Act (Reg D) for Compliance Professionals
A review of the fundamental requirements of Regulation D and the types of accounts defined in the regulation, as well as the limits on transfer activity from savings and money market deposit accounts.
After completing this course, students will be able to:
• Describe the purpose of Regulation D
• Identify the key Regulation D requirements for transaction accounts
• Explain the restrictions on savings accounts
• Describe the requirements and withdrawal penalties for time deposits
Truth-in-Savings Act (Reg DD) for Compliance Professionals
An introduction to the provisions of Reg DD and the Truth in Savings Act, which govern a financial institution’s presentation of its deposit accounts to consumers. Requirements for disclosures, periodic statements, payment of interest, advertising, record retention, enforcement and electronic communications are also covered.
After completing this course, students will be able to:
• Describe general disclosure requirements under Reg DD
• Describe specific account disclosure requirements under Reg DD, including timing of delivery
• Explain Reg DD disclosure requirements relating to periodic statements and payment of interest
• Describe additional disclosure requirements for overdraft services
• Identify advertising requirements under Reg DD, including requirements relating to interest rates and triggering terms
Unfair, Deceptive or Abusive Acts or Practices (UDAAP) for Compliance Professionals
Learn the definition of an unfair act or practice, and explore unfair and deceptive credit cases under UDAAP, and unfair debt collection under the Fair Debt Collection Practices Act. Understand enforcement actions used by the CFPB along with proactive steps and guidelines to take towards preventing UDAAP claims.
After completing this course, students will be able to:
• Describe the background of UDAAP law
• Recognize unfair, deceptive, and abusive acts or practices
• Identify the elements that make a practice unfair, deceptive, or abusive
• Identify proactive steps that you can take to avoid UDAAP violations
Explain how you can help your bank avoid UDAAP claims
