Expert Instructional Developer:

Summary:

Regulators have indicated an expectation that credit unions will constantly self-assess and self-correct compliance problems before examinations. The most fundamental core of a credit union's compliance is the clear understanding of the regulatory requirements by the credit union's compliance and audit staff. Not only can misunderstandings lead to non-compliance, but the credit union's credibility with the examiners themselves.

This 23-course program provides substantive guidance to avoiding the pitfalls of the regulations. Compliance problems can lead to all types of repercussions for credit unions, including:

• Fines by the regulators
• Poor ratings by the regulators that harm the credit union's reputation
• Based on violations and poor ratings, the credit union could be considered a poor risk
• Forced changes in practices that could be costly
• In some cases, liabilities for the directors that approve violating policies
• More frequent regulatory examinations
• Forced restrictions from certain credit union activities
• Class action lawsuits
• In some cases, the credit union's charter could be terminated and all officers and directors could be banned from similar roles not only in other credit unions, but even in other corporations
• In certain instances, officers and directors may face criminal charges

These comprehensive courses deal with the consumer regulations at the heart of regulatory compliance. Each course discusses the scope, penalties, and key provisions of the regulation. Most of all, each provides detailed instruction on how to maintain compliance with the often-changing regulation in question. Finally, the course concludes with interactive, real-life scenarios where the student can practice and assess the knowledge and skills taught throughout the course.

Courses Included:

• Americans with Disabilities Act - 45min
• Bank Secrecy Act / USA PATRIOT Act - 1hr 50min
• Consumer Leasing Act (Regulation M) - 1hr
• Electronic Fund Transfer Act (Regulation E) - 1hr 30min
• Environmental Compliance - 1hr 10min
• Equal Credit Opportunity Act (Regulation B) - 1hr 50min
• Expedited Funds Availability Act (Regulation CC) - 1hr 35min
• Fair Credit Reporting Act - 1hr 30min
• Fair Debt Collection Practices Act - 1hr
• Fair Housing Rules - 1hr 10min
• Fair Lending Laws - 1hr 40min
• Flood Disaster Act and National Flood Insurance Act - 50min
• Home Mortgage Disclosure Act (Regulation C) - 1hr 30min
• Homeowner's Protection Act - 1hr
• Member Privacy Protections - 1hr 30min
• NCUA Credit Practices Rule
• Part 706 (Unfair or Deceptive Practices Act / Credit Practices Rule) - 1hr 15min
• Real Estate Settlement Procedures Act (Regulation X) - 1hr 30min
• Regulation U (Securities Credit by Financial Institutions) - 35min
• Servicemembers Civil Relief Act - 35min
• Truth-in-Lending Act (Regulation Z) - 2hr 15min
• Truth-in-Savings Act (NCUA Part 707) - 2hr

Who Should Use These Courses?

• Compliance officers and staff
• Compliance review/monitor staff
• Internal auditors
• In-house counsel
• Regulatory examiners

Software Platform:

NETg SkillBuilder

Plug-ins:

None

Accreditation:

NASBA credits: 3 CPE credits per course
CEU credits: 0.30 CEUs per course