Compliance 101: Basics, with a Lending and Deposit overview

On Demand Course

Instructor: Rebekah Leonard

Duration: 2 HR

What You'll Learn

Bank compliance is fascinating! Every single rule we follow can be traced back to a good reason for doing it. Not only is it crucial to understand “what” you must do in your job, but having a clear grasp of the “why” helps you do it better. There is no other area in your financial institution quite like compliance. It is a smorgasbord of seemingly random but interconnected requirements that drive everyone’s job – from the teller to the CEO. Compliance is the great equalizer! The daily decisions of a teller can be just as important as the lending decisions made by the Executive Vice President.

Topics covered in this session

The 5 primary reasons banking legislation and regulation exist

Protect depositors
Ensure monetary stability
Ensure an efficient and competitive financial system
Protect consumers
Meet socio-political goals

The primary rules for holding deposits
- FDIC Insurance
- Reg D: Reserve Requirements
- Reg E: Electronic Fund Transfers
- Reg CC: Funds Availability
- Reg DD: Truth in Savings
- Reg GG: Unlawful Internet Gambling
- Garnishment of Accounts
The primary rules for making loans
- Reg B: Equal Credit Opportunity
- Fair Housing Act
- Reg C: The Home Mortgage Disclosure Act
- Reg F: Fair Debt Collection Practices
- Reg G: Registration of Mortgage Loan Originators
- Reg O: Insider Lending
- Reg X: RESPA
- Reg Z: Truth in Lending
- Flood Insurance rules
- Military Lending Act
- Appraisal Rules
Rules that apply to everyone in banking
- Reg P: Privacy
- Safeguarding Customer Information
- Fair Credit Reporting Act
- Overdraft program requirements
- Reg Flags Rule: ID Theft Prevention
- Bank Security
- Servicemembers Civil Relief Act
- Bank Secrecy Act / Customer Identification Program
- Community Reinvestment Act
- Unfair or Deceptive Acts or Practices
- Handling customer complaints

Who Should Attend

Compliance staff
Marketing staff
Tellers
Customer service representative
Bank managers
Loan operations
Deposit operations
Human resources
Audit staff

*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

About the Author:

Rebekah Leonard

Rebekah is the owner of Elucidate LLC, a compliance training and consulting company. Elucidate means to "make clear, explain, throw light upon", and describes Rebekah's desire to illuminate the complexities of compliance with passion and fun. She's created and produced a TRID music video parody and several Compliance Breakout escape rooms, which she frequently provides at state banking compliance conferences. She is an accomplished speaker and regularly provides webinars through BOL and Compliance Resource. Rebekah is currently serving as the VP Director of Compliance for a $6 Billion community bank in Montana. She began her career in 1995 at a private lending company, but soon settled into banking, where she's covered nearly all of it - customer service and teller work, loan processing and review, and security and business continuity. She now oversees CRA, BSA and all aspects of compliance as a senior leader. She has successfully navigated numerous FDIC Compliance, CRA, and BSA Exams. Rebekah has a bachelor's degree in Organizational Leadership from Chapman University (Magna cum Laude), attended the American Bankers Association National Compliance School in 2003, and has held her Certified Regulatory Compliance Manager designation since 2006.

On-Demand Course