I.A.P.D.A. Lending Comprehensive Compliance
Click this link to begin the enrollment process: I.A.P.D.A. Lending Comprehensive Compliance
Pricing
Individual
$350 / each Enroll NowRecertification
$175 Renew NowVolume Discounts Available
- 11 - 25 Credits
- $300
- 26 - 50 Credits
- $250
- 51 - 99 Credits
- $200
- 100 + Credits
- $175
Details
Key Training Components:
1. BSA/AML/OFAC/KYC/CDD/CIP Compliance:
Who: Mandatory for all employees and Board of Directors: advanced courses recommended for BSA Officers and BSA Staff.
When: New hires must complete training within 30 days of their hire date. Existing employees and directors must complete training within the first quarter annually.
Content:
1. Overview of anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations.
2. Best practices for implementing Know Your Customer (KYC), Customer Due Diligence (CDD), and Customer Identification Program (CIP) requirements.
3. Adhering to Office of Foreign Assets Control (OFAC) sanctions and reporting suspicious activities
4. Strategies for risk assessment and maintaining institutional compliance.
2. Regulatory Frameworks:
Employees and directors will receive training on key regulatory acts and their practical applications:
- Regulation AA (UDAAP): Identifying and preventing unfair, deceptive, or abusive acts and practices.
- Regulation B (ECOA): Ensuring equal credit opportunities without discrimination.
- Regulation E (EFT): Managing electronic funds transfers with transparency and accuracy.
- Regulation V (FCRA): Maintaining accuracy and integrity in credit reporting.
- Regulation P (GLBA): Protecting consumer privacy and adhering to financial privacy rights.
- Regulation Z (TILA): Ensuring clear and fair lending practices with accurate disclosures.
3. Compliance with Key Consumer Protection Laws:
FDCPA: Strategies for fair and legal debt collection practices.
SCRA/MLA: Special protections and considerations for service members and their families.
TCPA: Guidelines for lawful telephonic communications and avoiding violations.
CAN-SPAM Act: Managing email communications and avoiding deceptive practices.
4. Risk Mitigation and Security
Red Flags / Identity Theft: Identifying and preventing identity theft through proactive measures.
Information Security / Cyber Security: Protecting sensitive data, preventing breaches and maintaining compliance with evolving security standards.
5. Complaint Management:
-Techniques for effective complaint resolution to ensure customer satisfaction and regulatory compliance.
-Steps to identify trends in complaints and use insights to improve operational processes.
Delivery Method and Certification:
-Training modules will be provided online and in-person to accommodate diverse learning preferences.
- All participants must pass assessment upon completion to ensure understanding and application of the material.
- Certificates will be issued upon successful completion, serving as documentation of compliance.
Best Practices and Continuous Learning:
- The training program emphasizes real-world scenarios and case studies for practical application.
- Annual updates will incorporate regulatory changes and emerging industry best practices to keep employees and directors informed.
This comprehensive training program ensures that employees and directors are well-prepared to navigate regulatory complexities, deliver exceptional service and maintain the integrity of the organization.
Click this link to begin the enrollment process: I.A.P.D.A. Lending Comprehensive Compliance
