Being a BSA officer requires technical knowledge, communication and cooperation with auditors and regulators, and the ability to navigate and negotiate among entities within your Institution.
We will review BSA requirements and examine real-life scenarios. You will learn which areas in your Institution require additioal research and how to investigate, file, and track a SAR. After attending this webinar you will be well-positioned to meet- and surpass- examiner and regulator expectations.
Upon completion of this webinar, participants will be able to:
• Understand of the circumstances leading up to current loan repayment problems
• Recognize the benefits of preparing an income statement in addition to a projected cash flow statement for agricultural operations
• Understand the magnitude of the difference between net farm income calculated using the cash basis schedule F of the income tax return and accrual-adjusted net farm income
• Learn how to access a “free” spreadsheet that can be used to prepare an accrual-adjusted income statement
• Learn comparative data sources that can be used to assess financial performance
• Learn the effectiveness of changes in operating strategies and loan terms on repayment capacity
This webinar will first take you through a step-by-step process to develop strong Risk Assessments to address key areas of your institution. Then the presenter will specifically focus on three key Risk Assessments you must have as critical components of your ERM Program: the Enterprise Risk Management Risk Assessment, Information Technology Risk Assessment, and the Internal Controls Risk Assessment. You will walk away with practical tools and examples you can implement in your organization immediately.
This webinar will address the current state of ransomware and cybersecurity. Upon completion of this webinar, participants will (1) Understand how ransomware works on your network; (2) Be able to identify different types of ransomware and how they propagate across networks; (3) Be equipped to make better decisions around mitigating controls to reduce the risk of ransomware on your network; (4) Gain a better understanding of how to recovery from ransomware; and, (5) Be able to share information with others at their institution about how to identify and prevent ransomware attacks.
This is Part II of our V-Part 2018 Safe Deposit Series. This webinar will address issues related to documentation of the notification of death; sealing the box of the decedent; temporarily denying access.
While online account opening presents growth potential for institutions, it also presents significant risk, particularly when these accounts are funded using ACH. These risks can be controlled with proper due diligence for the online environment, account validation, and enhanced risk controls. This course evaluates practical risk management strategies institutions can use to build a program appropriate for their risk appetite. Covers both new consumer and business accounts.
In this session, we will examine the CFPB's broad application of its UDAAP authority. Taken together with an exploration of the CFPB's various informal guidance documents addressing debt collection issues, we will determine what constitutes a potential UDAAP violation according to the Bureau.
We will also review the Federal Deposit Insurance Corporation's (FDIC) debt collection recommendations for 1st party collectors, as well as compliance points related to the Fair Credit Reporting Act (FCRA), the Fair and Accurate Credit Transaction Act (FACTA), and the Fair Debt Collection Practices Act (FDCPA). Finally, we will explore the recent verdicts and rulings that affect how you handle slow-paying accounts.
We will review, E-OSCAR (Electronic-Online Solution for Complete and Accurate Reporting), pros and cons of using METRO vs METRO-2 format, and special comment reporting codes. Also, we will discuss if you should report to more than one NCRA, and why you have to run quality checks on that data to make sure your trade lines are reporting accurately to stay in compliance.
Participants will understand what constitutes a well planned institutional loan policy that is in accordance with sound practices as well as regulatory requirements. You will also discover how to devise clear, precise, and meaningful procedures to audit the loan function.
The five Cs of commercial credit—character, capacity, capital, conditions and collateral—have comprised five basic elements of credit and lending. Most bankers know these basic principles, but this webinar offers a practical framework for their use in credit analysis and underwriting by showing how they are linked--how character emphasizes willingness to repay while the other four deal with ability to repay.
Please join Dev Strischek as he explains how credit analysts can use the five Cs of credit to assess repayment ability and assist underwriters and lenders in the credit adjudication process. This class is aimed at both people new to financial organizations as well as an enjoyable refresher to more experienced bankers.
This session will explore all elements of your business continuity plan, including design, testing and implementation.
Every financial institution should have a tested business continuity plan. This plan should prepare your institution for when something goes wrong. The potential for disaster is limitless, from short term software failure to long term facilities loss. Having a plan in place will help your institution deal with these disasters with confidence and in an effective and efficient manner.
Sometimes the simplest error or typo can create legal ownership, insurance and access issues for your accountholder. If you do not sign the signature card on a joint account, it is not insured by either the FDIC. Or if you add notes to the cards or add signers after the fact, many times you can create liability for your financial institutions.
You will learn how to properly prepare and file UCC financing statements, the effect of filing, the limitations of perfection by filing, how to design searches, how to evaluate search results, and how to ensure that proper authority to file is obtained.
We will address best practices and procedures and the Motors Liquidation case.
Lending institutions often lack the most recent information or training programs to assist their personnel with the knowledge and experience for proper responses to bankruptcy proceedings.
Regardless of your position in the lending institution or the size of the institution, this presentation will educate you on the overall process of Chapter 7 and Chapter 13 Bankruptcy Laws and the financial impacts on your lending institution.
Key takeaways will be Top 10 Pitfalls for bankers/lenders to avoid when dealing with a borrower that has sought relief under the United States Bankruptcy Code.
Federal bank examiners (FDIC, OCC, FRB) are responsible for evaluating bank’s CRA activities and overall performance. This CRA Evaluation (or “Exam”) is not necessarily scheduled in conjunction with, and may be conducted less frequently than the Compliance Examination. For example, the bank’s compliance examination may occur every 2 years and the CRA exam may occur every 4 years. It appears that compliance with CRA has become less important.
But don’t be misled - when the examiners appear, they may expect the bank to produce 4 years of loan reports, community development activities (including qualified investments, services, and loans). As the CRA Officer, it is important to manage and document CRA activities on an ongoing basis, and not just when “the CRA examiner is coming”!!