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


Jul 24, 2024 | NewsWatch Today
Agencies propose amending BSA requirements

Federal banking regulators formally requested comment on a proposed rule that would amend Bank Secrecy Act requirements for anti-money-laundering and countering-the-financing-of-terrorism programs.

Jul 24, 2024 | NewsWatch Today
CFPB proposal spotlights costs of paycheck advance products

The Consumer Financial Protection Bureau proposed an interpretive rule that says many paycheck advance products are consumer loans subject to the Truth in Lending Act.

Jun 26, 2024 | NewsWatch Today
CFPB extends compliance dates for 1071 rule

The Consumer Financial Protection Bureau issued an interim final rule to extend compliance deadlines for its 1071 small-business rule following a Supreme Court ruling that ended a temporary injunction on the rule.

Jun 21, 2024 | NewsWatch Today
Agencies finalize rule on automated valuation models

Federal financial services regulators issued a final rule to implement quality control standards for automated valuation models, or AVMs, which mortgage lenders use to value real estate collateral.

Upcoming Compliance Training
Aug 6, 2024 | Institute - Livestream

BSA/AML Institute

Aug 21, 2024 | Webinar

Lending Compliance Update

Aug 22, 2024 | Webinar

Three Key Risk Assessments in Your ERM Program – ERM, IT, and Internal Controls

Compliance Question of the Week

Question: Which practices can increase the risk of violations in the area of third-party relationships?

ANSWER: 

Vendor risk management problems often involve one or more of the following issues:

Overreliance on third-party vendors. A common root cause of vendor problems is the overreliance, and sometimes complete reliance, on a third-party vendor. Third parties can provide staffing and expertise but do not assume ultimate responsibility for compliance violations involving products or services offered by an institution.

Failure to train new staff or retain knowledgeable staff. Institutions may believe they can avoid hiring, retaining, or training staff because of a vendor’s expertise. Although an institution may be leveraging a third party’s expertise, staff at the institution must be knowledgeable about vendor activities and the compliance requirements for that activity to facilitate monitoring. Specifically, proper staffing or specialized training for existing personnel may be required. Similarly, banks should consider evaluating activity at the vendor’s location to ensure that risks are understood, and that staff has sufficient knowledge of vendor processes and controls.

Failure to adequately monitor the vendor. Ongoing monitoring is necessary to ensure compliance and to prevent potentially costly regulatory violations.

Failure to set clear expectations. An institution must ensure that the information provided to third-party vendors is complete and accurate and that expectations for vendor performance are communicated clearly and included in the contract with the vendor. Vendor contracts should also include detailed consumer protection requirements to ensure that the vendor is aware of the applicable requirements.

Reference: Fed. Consumer Compliance Outlook, 4th Quarter 2012.

 

 

 

 

 

 
 

 

 


 

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

Compliance Certificate Program

Online Certificates

This certificate program consists of four critical learning areas (29 total courses). Each course includes an exam and then one final comprehensive exam at the end. This program takes approximately 20 hours to complete.

The Compliance Certificate is for individual learners only and is not available for bank-wide use. Purchasers of the individual certificate will have access to the program for 365 days from the date of purchase. Certificates cannot be transferred to another user.

Course Listing:

Area 1: Lending

  • Introduction to Lending Compliance
  • Regulation Z: Overview
  • Regulation Z: Closed-end Credit (Non-Real Estate)
  • Regulation Z: Closed-end Credit (Real Estate)
  • Regulation Z: Open-end Credit (Non-Real Estate)
  • Regulation Z: Open-end Credit (Real Estate)
  • RESPA: Overview
  • Regulation B: Equal Credit Opportunity Act - Overview
  • Regulation B: Adverse Action
  • Fair Lending: Overview
  • Home Mortgage Disclosure Act: In Depth
  • Flood Disaster Protection Act
  • Regulation O: Insider Lending – In Depth
  • Military Lending Act

Area 2: Deposits

  •  Introduction to Deposit Compliance
  • Regulation E: Overview
  • Regulation E: Liability & Error Resolution
  • Regulation DD: Truth in Savings Act in Depth
  • Regulation CC: Funds Availability Act – In Depth

 Area 3: Operations

  • Understanding UDAAP
  • Regulation BB: Community Reinvestment Act
  • Red Flags Identity Theft Prevention Program
  • Regulation P: Consumer Privacy – In Depth
  • FCRA: Affiliate Marketing
  • FCRA: Overview
  • FCRA: Risk Based Pricing

 Area 4: BSA

  • Bank Secrecy Act – BSA & Compliance Officers
  • Bank Secrecy Act – Red Flags
  • Bank Secrecy Act – Customer Due Diligence & Beneficial Ownership

CPE Credits: 21

$499 / ICBA Members

$1,499 / Non-Members

Buy Now