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.
This four-day virtual conference focuses on key issues and trends related to auditing, BSA/AML, regulatory compliance, security and fraud, and offers the very latest information, tools, best practices, and training to assure that you are up-to-date and compliant. Attend one day or all four!
Through a digital platform we look forward to offering engaging presentations, insightful Q+A, opportunities for continuing education, plus fun ways for you to interact and connect with fellow attendees and speakers. Each day of the conference offers an in depth look at current issues affecting community banks.
IMPORTANT: When registering, select under "Event Fees" the number of days you will attend. Under "Sessions" check the specific day(s) you will attend.
If a covered loan is not, or an application is not for, a home purchase loan, a home improvement loan, a refinancing, or a cash-out refinancing, a financial institution complies by reporting the covered loan or application as for a purpose other than home purchase, home improvement, refinancing, or cash-out refinancing.
For example, if a covered loan is for the purpose of paying educational expenses, the financial institution complies by reporting the covered loan as for a purpose other than home purchase, home improvement, refinancing, or cash-out refinancing.
An institution is also required to report a covered loan or application as for a purpose other than home purchase, home improvement, refinancing, or cash-out refinancing if it is a refinancing but, under the terms of the agreement, the financial institution was unconditionally obligated to refinance the obligation subject to conditions within the borrower's control.
Note: This data field is required for all HMDA reporting institutions.
Reference: 12 CFR 1003.4(a)(3); Comments 4(a)(3)-4. BCFP Partial Exemptions Interpretive & Procedural Rule published 9/7/18.
A bank may issue an unsolicited access device (for example a combination debit card and PIN) if the bank's ATM system has been programmed not to accept the device until after the consumer requests and the bank validates the device. Merely instructing a consumer not to use an unsolicited debit card and PIN until after the bank verifies the consumer's identity does not comply with the regulation.
Further, a bank may use any reasonable means, to verify the consumer's identity, however, even if a reasonable means was used, if the bank fails to verify correctly the consumer's identity and an imposter succeeds in having the device validated, the consumer is not liable for any unauthorized transfers from the account.
Reference: Official Staff Interpretation 1005.5, comments 1 and 4
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.
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.
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.
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.
ICBA Member: $599
Annual Digital Renewal
ICBA Member: $299
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.
ICBA Member: $399
Annual Digital Renewal
ICBA Member: $249
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.