CUNA Regulatory Compliance eSchool: Introduction
Topics and Schedule
Please note that the Topics/Objectives listed below are subject to change.
| Class 1: May 7, 2008 |
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| Mortgage Lending Regulations |
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- Understand the most common Truth in Lending violations and how to avoid them
- Take control of your rescission practices and determine accurate annual percentage rates
- Discover how within the last four years, the Department of Housing and Urban Development has tripled its RESPA enforcement staff and is working closely with State Attorneys' General to crack down on referral fees and other violations
- Learn how in 2006 alone, HUD assessed $3.8 million in fines
- Gain help on how to craft a program that complies with the requirements of RESPA
- Explore the Home Mortgage Disclosure Act and how it was strengthened a few years ago to help regulators, legislators, and consumer groups detect possible signs of predatory lending practices
- Understand who needs to gather and report mortgage loan data and how to accurately complete your loan application register
- Identify how the Fair Housing Act affects everyone in the housing related industry
- Identify whether prohibited practices occur in your mortgage operation and gain a better understanding of NCUA's appraisal rules and exceptions
- Learn about how the Equal Credit Opportunity Act has certain provisions that apply specifically to your mortgage lending activities
- Learn about notice requirements and tools for maintaining good relationships with your applicants
- Review how flood insurance is mandated for loans secured by improved residential and commercial property
- Ensure your credit union's mortgage department and consumer lending department that handles subordinate liens understands the requirements for determining whether a property is in a special flood hazard area and identify the responsibilities for monitoring sufficient flood insurance throughout the life of the loan
- Discover a great primer in understanding the role of the secondary mortgage market, who the players are, and what types of loans are eligible for sale
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| Class 2: May 21, 2008 |
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| NCUA Requirements & Guidance |
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- Gain an overview of the NCUA
- Explore Federal Share Insurance
- Examine management issues
- Identify your field of membership
- Learn about the supervisory committee
- Explore CUSOs
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| Class 3: June 4, 2008 |
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| Consumer Lending Regulations |
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- Reg Z – Truth in Lending
- Reg B – Equal Credit Opportunity Act
- Servicemembers' Civil Relief Act
- Fair Credit Reporting Act
- Fair Debt Collection Practices Act
- Business Lending Regulations
- NCUA Lending Regulations
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| Class 4: July 9, 2008 |
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| General Operations Regulations |
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- Explore why the Bank Secrecy Act is the current major compliance topic of importance for regulators, and ironically its one of the easiest to comply with
- Learn how to implement the BSA's three very simplistic major compliance requirements comprehensively and effectively at your credit union
- Discover how the Right to Financial Privacy Act has very significant liability provisions that are easy to avoid with an understanding of its two major requirements
- Explore how complying with the IRS's information returns and backup withholding requirements can be addressed by adhering to a simple four step process
- Learn how the privacy rules provide credit unions with an excellent opportunity to both assure the protection of their members' financial information and promote the fact that they don't sell or share that information with anyone outside the credit union
- Discover how to include these opportunities in your credit union's promotional efforts and operations program
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| Class 5: July 28, 2008 |
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| Deposit Account Regulations |
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- Explore why financial institutions lose over a billion dollars a year on checks
- Ensure you and your staff knows the two major categories of problems with checks and the two tools to prevent losses and solve those problems
- Learn key insights about the shortcomings of Regulation CC (and how to overcome them) in order to provide better service and prevent losses when taking checks for deposit
- Explore how Regulation E was enacted to protect consumers from unauthorized electronic transfers
- Learn how to use its provisions to help protect your members and your credit union
- Discover the simplicity of the Truth In Savings Law and how to use its provisions to better serve your members and promote your credit union's products and services
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