Prices declined precipitously, and oil and gas companies filed bankruptcy in record numbers during 2015 and 2016. In March 2016, the OCC revised its Oil & Gas Production Lending Handbook to expand its guidance on oil & gas production lending, markets, lending structures, types of reserves, associated risks, and, most importantly, supervisory expectations for risk management and examination procedures.
This webinar will provide bankers with a thorough understanding of oil & gas lending, loan documentation, due diligence and bankruptcy/restructuring issues. It is a must for any bank that has or is considering loaning agains... (more)
On November 7, 2017 Texas voters will have the opportunity to vote on amendments to the Texas Constitution that if passed, will change the way Home Equity loans in Texas are originated. The amendments will expand home equity opportunities for both lenders and consumers. The new provisions permitting refi as a “rate and term refi” may be of special interest to lenders who do not offer home equity loans but could decide to offer a regular rate and term refi of a home equity loan under the new amendments.
Attend this overview of SJR 60 and learn how these changes, if passed, may benefit your bank and your customers.
For Sales Managers: Does Your Bank (or Credit Union) Have a No Excuses Sales Environment?
“I didn’t make my calls this week because of all the Ops problems.” Most Sales Leaders have heard some version of that recently. It is easy to accept this type of comment and let it ride, especially with a good producer. But if you do, excuse making can permeate your group. The foundation for creating a no excuses sales environment begins with leadership - how you set sales standards and then demonstrate, communicate and inspect ... (more)
The CFPB announced THREE fair lending priorities for 2017 on December 16, 2016. What is on the regulatory agenda and how will it impact your bank in 2017-2018?
In a sense, servicing consumer mortgage loans has always been a bit of the "wild west" of compliance, meaning there was little in the way of rules and regulations. But thanks to the financial crisis and resulting exposure of unsavory practices, new rules were put into place by the Dodd-Frank Act. In addition, the CFPB just issued new regulations that further the requirements mortgage servicers must follow. The rules will be effective one year from when they are published in the Federal Register, but the time to begin preparations is now.
These rules include many new "standard" requirements dealing with periodic statements and escrows, fo... (more)
On May 29, 2013, the U.S. Department of Treasury, along with several federal agencies, including the Social Security Administration, the Department of Veterans Affairs, the Railroad Retirement Board, and the Office of Personnel Management, published the Final Rule on the Garnishment of Accounts Containing Federal Benefit Payments. The final rule not only supersedes state laws pertaining to how financial institutions process garnishments, but will also apply to state tax levies and warrants.
In 1977, Congress enacted the Fair Debt Collection Practices Act (FDCPA) to eliminate abusive debt collection practices. The FDCPA generally covers the collection activities of debt collectors collecting on others’ debts and debt buyers (collectively “debt collectors”) but not the collection activities of first-party debt collectors (i.e., creditors collecting on debts owed to them).
The federal government for many years has received more consumer complaints about debt collectors than about any other single industry. Since 2011:
This webinar will cover the accounts that receive government benefits, such as social security and veterans accounts. We will review overdraft issues on these accounts, plus all the rules accompanying the opening and maintenance of these accounts. ACH issues and death notification entries involving government benefits accounts will also be examined. Another area included will be a review of treasury checks, postal money issues and security features. Last, we will examine how to protect your institutions from reclamations and fraud. All in all, this webinar is a must for every financial institution in the country.
A good AML program has seven key components. These are called the "core" of the examination and the program. This webinar will look at the critical issues of each of these components and how they relate to your overall goal to prevent financial crimes.
Keeping up with changes and deadlines in the compliance area gets more complex every year. Now, we can assist you with that task.
Carl Pry, a well known and highly respected compliance expert and recipient of the 2015 ABA Distinguished Service Award will be presenting a monthly one-hour compliance update that will address new items to be aware of, deadlines and what's on the horizon. In a simple language webinar format that you can view from your office, Carl will make sure you have the information you need to keep your financial institution in compliance.
The coming years will bring about the greatest transformational change seen in the last 25 years. Technology advancements create opportunities. Generationally, customers will shift from primarily Baby Boomers to Millennials, who access and purchase services vastly different from their parents and grandparents. Is your organization prepared to better compete and serve new customers in innovative ways? Have you specifically created an environment where truly innovative ideas can foster and grow within your organization? Your ability to successfully grow your business with new paradigms of product or service delivery is critical. Innovation i... (more)
Every successful Information Security Program is built on 3 key elements. Decision-making risk management processes, clearly documented Information Security Policies, and an effective IT Audit Program. These elements work in conjunction with each other, feeding the next component information that continually improves the Information Security Program. The IT Risk Assessment process identifies key systems and information, threats against those systems, and helps management identify which controls are necessary to mitigate risk to an acceptable level. The controls have been selected in the risk assessment, are captured and solidified in the I... (more)
Imagine finding yourself suddenly in a senior credit administration position at your bank due to required personnel changes as a result of frequent credit losses; Or, your bank's credit administration seems disconnected, un-organized and free flowing and lacks effective management oversight; Or you are in a lending position and the credit administration function at your bank fails to provide structure, guidance and leadership. If any of these scenarios point to you or your financial institution, this course will address the factors you need to know to make a positive difference in the credit administration at your bank.
Since December 29, 1987 banks have been required to develop Adjustable Rate Mortgage (ARM) program disclosures for each different ARM program offered. The disclosures must be updated at least annually. Notices must be sent in response to rate changes. Many financial institutions have automated the ARM disclosure process, but violations still occur.
While many financial institutions have offered ARM products for decades, others only recently migrated from balloon mortgages to ARM products. Whether new to the ARM game or an old veteran a comprehensive review of the rules can help prevent violations.
This program covers important legal issues and concepts which must be understood and consistently applied to enforce the Bank’s liens and other legal rights, avoid litigation and better serve customers. The goal is to provide an opportunity to learn or confirm your understanding of a variety of legal issues lending personnel deal with daily.
The program will provide ample opportunity to ask questions. Participants are encouraged to bring their own list of topics to be discussed or to submit them in advance to email@example.com.
Spend two hours with an ACH Auditor and hear what she looks for when performing the ACH Audit and ACH Risk Assessment.
You do realize that the ACH Audit is mandatory for financial institutions, right? Who performs yours? Does the Audit/Compliance department understand what to test on? The ACH Risk Assessment needs to have been completed once and then performed every time there are changes to your ACH program and when your possible risks change. These are two very important and sometimes confusing tasks. Join us to learn the difference between an ACH assessment and an audit, what you're looking for when completing both and how t... (more)
Understand the Changing Role of Internal Audit, How To Effectively Establish a Risk-based Internal Audit Function, and Gain Knowledge of Internal Controls
The issues that continue to impact a Bank’s internal audit function are significant, including Committee of Sponsoring Organizations and Institute of Internal Auditors professional practice expectations. In addition, the banking business continues to become more complex due to changing technology, new and evolving regulation, and a wider range of products and services. As a result, the role of the internal auditor is changing and expectations of internal audit by ... (more)
Check fraud losses are estimated to exceed $18 billion each year. A recent nationwide counterfeit check operation is projected to have caused over $9 million in losses. With more and more counterfeit checks flooding financial institutions, this number is sure to increase.
Unfortunately, most financial institutions don't understand their legal rights and responsibilities for dealing with check fraud when losses occur. If you're confused about what your financial institution's legal responsibility might be in various check fraud situations, this seminar is for you.
The Consumer Financial Protection Bureau (CFPB) published the final rule to implement the integrated disclosures (TRID) on November 20, 2013. The final rule was effective on October 3, 2015. After much industry confusion and concern regarding elements of the regulation, the CFPB released a proposal to update the TRID regulation in July 2016. While it did provide guidance on where the CFPB was headed in their thought process it was still a proposal that we couldn’t rely upon until finalized. That day has finally come! We received the final TRID Amendment on July 7, 2017. This program provides a thorough review ... (more)
Has your financial institution taken losses due to counterfeit checks, check kiting or other check frauds? Did losses occur because your staff did not know how to properly apply holds on customer deposits? Are you confused about how to handle check holds now that there are no longer "non-local checks?" With the multitude of regulations and laws requiring compliance on a daily basis, the Expedited Funds Availability Act (Regulation CC) is one of the most misunderstood regulations that can impact both the retail and commercial sides of a financial institution. A financial institution risks significant financial liability for improperly placi... (more)
Join David Dickinson of Banker’s Compliance Consulting for a two-hour Adverse Action Notices webinar. We will address the Adverse Action Notice compliance requirements and best practices under the Equal Credit Opportunity Act (ECOA) and Fair Credit Reporting Act (FCRA) including:
This is for Part 1 only. For series pricing, CLICK HERE.
(Note: Commercial Applications will be covered in Part 2 on November 14, 2017)
How should you begin to prepare for these sweeping changes? HMDA reporters must follow the new rules for applications when final action is taken on or after J... (more)
This is a two-part series. The prices below are including both sessions. Each session can also be attended individually by clicking on the links below.
In this helpful session, Excel expert David Ringstrom, CPA, shares various ways you can streamline filtering tasks, including little-known shortcuts, such as using Custom Views and the hidden AutoFilter command. He also discusses Conditional Formatting and explains how to resolve somewhat challenging issues, including how to remove non-breaking spaces from reports you copy from cloud-based software or from text with carriage returns.
David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, and second, in Excel 2016. He’ll draw to your attention any differences in Excel 2013, 2010, or 2007 d... (more)
Attend this proactive seminar and learn a “comprehensive approach” to financial statement analysis.
The session will begin with analyzing the four financial statements- Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. This will include Revenue and Expense Recognition, FIFO, LIFO, and Average Inventory Costing Models, Operating Expenses (Repairs) versus Improvements, Depreciation including Straight-Line, Units-of-Production, and Double-Declining Balance, Amortization, and Depletion.
The seminar will also explore Accounts Receivable assessment, Allowance for Doubtful Accounts, Intangib... (more)