Compliance Services
IV. Regulatory Compliance Training
1. Functional Level
We have developed an innovative Functional Compliance Training Program which employs a workflow orientation and details the applicable legal requirements of the most prominent consumer banking regulations for each major bank function or product.
The typical functional areas covered are:
- Residential Mortgage Lending
- Home Equity Accounts
- Consumer Lending
- Commercial Lending
- Deposit Account Origination and Servicing
- Electronic Banking Activities
- Bank Advertising and Marketing
- Financial Recordkeeping Activities
2. Regulation Level
Since current financial institution law mandates ongoing training for certain regulations (e.g., Bank Secrecy Act and Expedited Funds Availability Act), we will provide appropriate training to cover all mandatory regulations as well as the applicable legal requirements of any other banking regulation targeted by bank management.
The typical regulations covered are:
- Bank Secrecy Act 1
- Expedited Funds Availability Act (Regulation CC) 1
- Community Reinvestment Act
- Regulation O/FIRIRCA
- TEFRA (IRS Interest Backup Withholding)
- Truth‑in‑Lending Act (Regulation Z)
- Equal Credit Opportunity Act (Regulation B)
- Home Mortgage Disclosure Act (Regulation C)
1 Ongoing training in these regulations is mandated by law.
V. Compliance Forms Review
We will provide a detailed review of the format and content of all forms used for each major bank function or product to ensure the applicable legal requirements are met.
It has been our experience that a large number of violations of law found in financial institutions and the resulting financial exposure from regulatory fines and civil lawsuits involve deficiencies in the format and/or content of bank forms.