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 study: Depositories lead on supplier diversity

Jan 20, 2022 | NewsWatch Today
A Consumer Financial Protection Bureau study on diversity and inclusion in the financial services sector found depository lenders had the strongest showing in the area of supplier diversity.

CFPB announces settlement on consumer task force

Jan 18, 2022 | NewsWatch Today
The Consumer Financial Protection Bureau settled a lawsuit alleging that its Taskforce on Federal Consumer Financial Law did not comply with the Federal Advisory Committee Act.

Upcoming Compliance Training

BSA/AML Institute - Virtual

With the regulatory agencies committing to tougher and more inclusive BSA/AML examinations, it's 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.

 

Compliance Question of the Week

QUESTION: Does Regulation O address overdrafts incurred by an executive officer, director or executive officer of an affiliate?

ANSWER:

No member bank may pay an overdraft of an executive officer or director of the bank or executive officer or director of its affiliates* on an account at the bank, unless the payment of funds is made in accordance with:

  • (i) A written, preauthorized, interest-bearing extension of credit plan that specifies a method of repayment; or 
  • (ii) A written, preauthorized transfer of funds from another account of the account holder at the bank.   

The prohibition of this section does not apply to payment of inadvertent overdrafts on an account in an aggregate amount of $1,000 or less, provided:

  • (i) The account is not overdrawn for more than 5 business days; and
  • (ii) The member bank charges the executive officer or director the same fee charged any other customer of the bank in similar circumstances. 

* This prohibition does not apply to the payment by a member bank of an overdraft of a principal shareholder of the member bank, unless the principal shareholder is also an executive officer or director.

This prohibition also does not apply to the payment by a member bank of an overdraft of a related interest of an executive officer, director, or principal shareholder of the member bank or executive officer, director, or principal shareholder of its affiliates.

Reference: 12 CFR 215.4(e).

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

CBU Graphic

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!

Learn More

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

Learn More

Subscription

Compliance Working Papers

Compliance Education Graphic

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

Learn More

Subscription

Compliance Deskbook and Bulletin Service

Compliance Education Graphic

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

Learn More

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

Learn More

Subscription

Bank Compliance Checkup Program

Compliance Education Graphic

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