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

ICBA urges CFPB to limit burden of rulemaking on consumer data

Jan 27, 2023 | NewsWatch Today
ICBA called on the Consumer Financial Protection Bureau to limit the regulatory burden of its pending rulemaking to establish standards for sharing consumer financial data.

ICBA urges CFPB to preempt state TILA law

Jan 23, 2023 | NewsWatch Today
The Consumer Financial Protection Bureau was incorrect in determining that the Truth in Lending Act does not preempt a recently enacted New York State disclosure law, ICBA said in a new comment letter.

Upcoming Compliance Training

Compliance Institute

The ICBA Compliance Institute is built to meet the needs of seasoned professionals seeking the latest regulatory education and industry best practices as well as newer compliance officers seeking to gain a clear understanding of the fundamental concepts of each regulation.

This high-quality program provides 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 addresses 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.

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

To earn the Certified Community Bank Compliance Officer (CCBCO) certification, you will be required to attend this program in its entirety, complete all assignments, and achieve a passing score on the certification exam(s).

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.

Learning Objectives:

  • Understand the key elements of a bank’s compliance management program.

  • Understand the fundamental and disclosure requirements of bank lending regulations including Reg Z, RESPA, HMDA, SAFE Act, Military Lending Regulations, Homeownership Counseling Act, and flood insurance compliance.

  • Identify fair lending practices and data collection/reporting requirements as outlined in ECOA/Reg B, FCRA, CRA, HMDA, and Fair Housing Act.

  • Outline the key privacy requirements banks must follow under Reg P including the Sections 13, 14, and 15 information-sharing exceptions.

  • Associate deposit account disclosure requirements with the appropriate regulations including Reg CC, Reg DD, and Reg E

  • Identify disclosure requirements and permissible activities under Right to Financial Privacy Act, Reg GG, Consumer Sales of Insurance, and Non-Deposit Investment Products.

  • Understand the risk exposure and mitigation steps banks may take to manage UDAAP compliance for the bank.

  • Recognize compliance risks and disclosure requirements in advertising and marketing activities by a bank.

Compliance Question of the Week

Question: May a bank keep copies of customers' driver's licenses in their files?

ANSWER:

The recordkeeping requirements do not require actual copies of documentation. The bank must keep a description of any documents relied upon during account opening. While many institutions do retain copies of driver's licenses, they are careful to avoid use of this information in a prohibited context and examiners find this practice controversial and prohibited in some states. Be sure to know your states rules regarding copies of driver's license/identification cards. Also, ensure that all account opening staff, know what the banks written policies and procedures are for the collection and retention of Customer Identification documents. They must follow the banks exact policies and procedures to avoid a violation during an audit or exam.

Note: Title 18 of the United States Code outlines that it is not permissible to photocopy a military ID.

Reference: 31 CFR 1020.200(a)(2)(iii)(D)(3)

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: $399
Nonmember: $499

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: $399
Nonmember: $799

Annual Digital Renewal:
ICBA Member: $249
Nonmember: $649

Learn More