COMMUNITY BANK UNIVERSITY

Bank Compliance Center

In today’s banking environment as soon as one big new regulation is implemented another pops up. ICBA’s compliance training opportunities and exceptional resources, online and offline, will help your community bank stay informed and one step ahead of the regulators.

Recent Compliance News

CFPB issues guidance on Limited English Proficiency consumers

Jan 14, 2021 | NewsWatch Today Article
The Consumer Financial Protection Bureau issued guidance that encourages financial institutions to better serve Limited English Proficiency consumers.

CFPB issues annual threshold adjustments

Jan 4, 2021 | NewsWatch Today Article
The Consumer Financial Protection Bureau issued three annual threshold adjustment final rules, effective Jan. 1, 2021.

Upcoming Compliance Training

Compliance Institute - Virtual

This high-quality program provides for a fast-paced learning environment that will lead to a detailed study of the relevant areas of regulatory compliance with a focus on the key concepts that spell success in the examination context.

Each regulation is approached in terms of the requirements, best practice internal controls, and audit objectives. Learning is reinforced with many sample disclosures, applicability charts, and illustrative quizzes and exercises.

The program will address current hot issues and areas of focus in regulatory compliance. Deep dives into the common challenges related to recent regulatory reform will be covered and the latest guidance and interpretations on all recent rule-making efforts will be discussed. 

Past attendees have ranged from experienced bankers seeking to reinforce their knowledge base with current best practices, to newer bankers requiring introduction to all aspects of community bank regulations. Compliance auditors, examiners, and bank general counsel are common attendees.

This solid foundation allows the attendee to return to their bank and support their product and service offerings and remain competitive in their marketplace.

If you decide to enroll in the certification testing after you register for the class, please contact a Community Banker University representative at 800-422-7285.

Regulations and Guidance

Compliance Question of the Week

QUESTION: The bank provided the Loan Estimate. The Closing Disclosure was provided. However, a problem was found on the Loan Estimate causing a need for revised Loan Estimate. What is the timing process?

ANSWER:

Per the CFPB, If the closing disclosure has already been provided to the consumer, the creditor must use a corrected closing disclosure to reset tolerances. 

Per the CFPB: If the creditor provides a corrected disclosure, it may also be required to provide the consumer with an additional three-business day waiting period prior to consummation.  The three-business day waiting period requirement applies to a corrected Closing Disclosure that is provided when:

  • The loan’s disclosed APR becomes inaccurate;
  • There are changes to the loan product; or
  • A prepayment penalty is added to the loan

Reference: CFPB Small Entity Compliance Guide: TILA-RESPA Integrated Disclosure Rule, v5.2, page 72. Regulation Z: 12 CFR 1026.19(f)(2) and (f)(2)(i) and (ii); 1026.19(e)(4)

 

Compliance Vault

The ICBA Compliance Vault is now available as a member benefit to all ICBA members.

The Compliance Vault is a reliable search tool that helps you find answers to your regulatory compliance questions, with access to over 2,500 Q&As, select online courses, and documents.

Learn more & open the vault

Compliance Resources

Online Training

Online Training Plans - CBU

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Community Banker University offers a variety of online training options with courses that build knowledge and a strong foundation within key areas of the banking industry and professional development.

Prices vary by plan, check the plan comparison chart for more information!

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Online Training

Compliance Certificate Program

Online Certificates

The courses in the Community Banker Compliance Certificate Program are designed to give community bankers the knowledge and skills they need to become experts in regulatory compliance. The certificate program consists of four critical learning areas.

$499 / ICBA Members

$1,499 / Non-Members

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Subscription

Compliance Working Papers

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One of the three elements of an effective compliance program is monitoring and corrective action. These compliance working papers are essential for monitoring your financial institution’s compliance with federal consumer compliance laws and regulations.

Initial Price
ICBA Member: $599
Nonmember: $799

Annual Digital Renewal
ICBA Member: $299
Nonmember: $399

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Subscription

Compliance Deskbook and Bulletin Service

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The ICBA Compliance Deskbook is the industry’s premier resource for compliance information. Access regulations, important dates, agency guidance, questionnaires, and other resources in one place.

Initial Price
ICBA Member: $399
Nonmember: $549

Annual Digital Renewal
ICBA Member: $249
Nonmember: $349

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Digital

Bank Policies

Policy Products
Alleviate the tedious task of developing bank policies from scratch. These policies provide a quick reference with thorough, easy-to-read instructions to guide your bank through the policy development or revision process.
Click Learn More for Individual Pricing

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Subscription

Bank Compliance Checkup Program

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The Bank Compliance Checkup Program provides a comprehensive system for on-going monitoring of your bank’s compliance with Deposit, Lending, Administrative and IT/Tech/Security regulations.

Initial Price:
ICBA Member: $395
Nonmember: $595

Annual Digital Renewal:
ICBA Member: $199
Nonmember: $399

Learn More