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 reaches settlement with Settlelt

Apr 14, 2021 | NewsWatch Today Article
The Consumer Financial Protection Bureau announced a settlement with Settlelt over allegations that it engaged in unfair acts and practices. The complaint alleges that the company failed to disclose its relationship to certain creditors.

CFPB proposes delaying debt collection rules

Apr 8, 2021 | NewsWatch Today Article
The Consumer Financial Protection Bureau proposed delaying the effective date of two recent debt collection rules to provide more time to comply.

Upcoming Compliance Training

BSA/AML Institute - Virtual 

The formal requirements for financial institution compliance under the Bank Secrecy Act (BSA) continue to be significant. With the regulatory agencies committing to tougher and more inclusive BSA/AML examinations, it is just as important as ever to make certain your BSA/AML program is appropriate for your institution's risk exposure.

Attendees will cover all of the primary requirements of each segment of the regulation and receive guidance on best practice expectations in each area. When completed, each attendee will have the in-depth knowledge, resources, and peer networks to effectively manage their BSA/AML function or audit this function properly.

Our units of study include:

  • Bank Secrecy Act and Anti-Money Laundering program requirements, including emerging trends and industry observations
  • Traditional financial recordkeeping elements of currency transactions, monetary instrument sales, and funds transfers
  • A comprehensive look at the CTR and SAR forms, including filing scenarios and dynamic “should you file” discussions
  • Customer Identification Program (CIP) requirements including the Customer Due Diligence and Beneficial Ownership requirements
  • High-risk customer monitoring tactics-including an in-depth discussion on account ownership expectations, enhanced account review, and OFAC compliance
  • A look at the key suspicious activity monitoring program components
  • Techniques to improve your BSA risk assessment to address all business lines and risk exposures at various levels within your bank

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: What is a covered transaction under Regulation W?

ANSWER:

Covered transaction with respect to an affiliate means:

(1) An extension of credit to the affiliate;

(2) A purchase of, or an investment in, a security issued by the affiliate;

(3) A purchase of an asset from the affiliate, including an asset subject to recourse or an agreement to repurchase, except such purchases of real and personal property as may be specifically exempted by the Board by order or regulation;

(4) The acceptance of a security issued by the affiliate as collateral for an extension of credit to any person or company; and

(5) The issuance of a guarantee, acceptance, or letter of credit, including an endorsement or standby letter of credit, on behalf of the affiliate, a confirmation of a letter of credit issued by the affiliate, and a cross-affiliate netting arrangement.

Reference: Regulation W: 12 CRF 223.3(h) 

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