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Credits

Sponsored by Lorman Education
Product ID: 403555EAU
 
Credit & Course Provided by:

Avoiding Regulatory and Lending Compliance Pitfalls

OnDemand Webinar (86 minutes)

Keep up with the shifting financial services landscape to avoid regulatory and lending compliance pitfalls.This material will provide an overview of how to manage regulatory and legal compliance for lenders and financial institutions in the field of consumer lending. The information will discuss the key expectations of regulatory agencies when examining the effectiveness of a compliance management system, with specific focus on the subjects of Fair Lending and the Bank Secrecy Act/Anti-Money Laundering obligations (BSA/AML). You will be provided insight as to the identification of risks as well as the key indicators that likely will be subject to regulatory scrutiny.

Authors

David K. Stein, Bricker & Eckler LLP

Agenda

Introduction - Identifying the Duties for Compliance Management

• CFPB's Expectations

• Federal Reserve Guidance

Components of a Compliance Management System

• Elements to Consider

• Compliance and Risk Assessment

• Oversight and Control

• Effective Management Strategies

• Reporting and Escalation

Identification and Avoidance of Risks

• Traditional Risk Categories

• Unique Risks for Financial Institutions

Areas of Special Concern

• Fair Lending

• Bank Secrecy Act/AML

• Counterparties

Financial Institution Liability for Compliance and Risk Management