|Are your loan officers drowning in memos and information about "new" or revised compliance regulations? Do you know which regulations "require" annual training? One of the overlooked training topics is BSA (Bank Secrecy Act). What should lenders understand about money laundering and suspicious activity in the loan process? What are the most recent "hot topics" with the regulators?
They can range from Flood Insurance violations or HMDA data accuracy to Fair Lending issues of signature requirements and discrimination against applicants in a "protected class". What changes will Dodd-Frank continue to roll out in 2013 that may require training?
This session covers the regulations that lenders must follow and outlines most of the specific disclosure and timing requirements. We'll discuss everything from Regulation AA to Z and provide you with a framework of the requirements that apply. You will also receive resource materials that will provide an easy reference guide to help the lenders at your bank work "smarter" and not harder.What You Will Learn:
- BSA training highlights for CIP in the lending area and due diligence for detecting potential money laundering activity
- Fair Lending "best practices" to mitigate the risk factors in underwriting, pricing, and steering
- Reg B requirements for the life of the loan
- Common errors in disclosing real estate secured loans
- Red Flags for Identity Theft and the annual training requirement for the FCRA (Fair Credit Reporting Act)
Who Should Attend
This informative session is designed for auditors, loan officers, loan assistants, and loan administration staff. This seminar is designed for both those new to lending regulations or more experienced personnel looking for a review of existing requirements.The Presenter
Susan Costonis is a compliance consultant and trainer. She also has an affiliation with gettechnical inc. as an associate trainer. Her 34 year career in banking and training began with 20 years at First National Bank an affiliate Wells Fargo Bank, in Fort Collins, CO. Susan has been a bank compliance consultant or compliance officer in Louisiana since 1998.
During her career, Susan has successfully managed compliance programs and exams for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan regularly presents training to several state banking associations and specializes in compliance management, lending, and Fair Lending issues. She is a Certified Regulatory Compliance Manager and completed the ABA Graduate Compliance School. Susan also graduated from the University of Akron with a B.S in Art Education and the Graduate Banking School of the University of Colorado.