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Bank Secrecy Act
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The Bank Secrecy Act has been controversial since it was first introduced in 1970. This course will provide an overview of the Act, as well as an in depth review of the intricacies of the regulations, a head's up on what the bank examiners are looking for, along with the guidance for building a compliance program to address Bank Secrecy at a Bank
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10166
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4 Hour(s)
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Bank Secrecy Act Essentials
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This half-hour Bank Secrecy Act course presents an overview of the critical elements of the Bank Secrecy Act as they apply to branch personnel. It highlights the BSA's main purpose of tracking illegal activities by requiring financial institutions to record and report certain financial transactions. The course also examines the civil and criminal liabilities branch personnel carry for non-compliance
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10167
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Hour(s)
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| Community Reinvestment Act - Small Banks |
Community Reinvestment Act – Small Banks provides an introduction to the Act and its regulations, and explains the community development loans, services and investments that federal regulatory agencies consider when testing for CRA compliance. This course explains the specific CRA standards, examinations and ratings for small banks, and how a CRA rating ultimately affects a bank. Students will also learn about the requirements for data management and public disclosure of a bank’s CRA compliance file. |
10163
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2.5 Hour(s)
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Community Reinvestment Act - Large Banks
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Community Reinvestment Act – Large Banks provides an introduction to the Act and its regulations, and explains the community development loans, services and investments that federal regulatory agencies consider when testing for CRA compliance. This course explains the specific CRA standards, examinations and ratings for large banks and wholesale or limited purpose institutions, and how a CRA rating ultimately affects a bank. Students will also learn about the requirements for data management and public disclosure of a bank’s CRA compliance materials.
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10112
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3 Hour(s)
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| FDIC Insurance Requirements |
The FDIC was created to increase public confidence in the U.S. banking system. The FDIC Insurance Requirements course enables financial professionals to understand all aspects of FDIC Insurance coverage, including some recent changes in regulations. Following a brief history of events that led to the creation of the FDIC, this course covers the basics of insurance coverage, its impact on depositors, details of the more complex aspects of coverage, and what happens when a bank closes its doors. |
6156
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4 Hour(s)
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Fair Credit Reporting Act
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This course covers the major provisions of the Fair Credit Reporting Act (FCRA), and how it affects the daily operations of banks and other financial institutions. Major topics include the content of consumer credit reports, how banks use consumer credit reports, adverse action procedures, disputed information procedures, and methods to protect the privacy of consumer financial information. This course also compares the privacy provisions of the FCRA and the Gramm-Leach-Bliley Act.
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10113
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3 Hour(s)
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| Fair Lending |
United States lending practices changed dramatically during the 20th century. In the 1930s, federal deposit insurance laws created regulations to limit losses to banks in order to protect the federal deposit insurance fund. And in the 1960s, the Equal Credit Opportunity Act and the Fair Housing Act were passed. This course outlines the specifics of the Equal Credit Opportunity Act and the Fair Housing Act, and addresses their wide-ranging effects on lending practices past, present and future. |
10162
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3.5 Hour(s)
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| Flood Disaster Protection Act |
This course outlines the responsibilities of financial institutions to comply with flood protection law that has evolved from 1968 to the most recent amendment in 1994. Beginning with voluntary national flood insurance in 1968, flood protection requirements have become mandatory for designated loans by covered financial institutions. This course covers designated loans and the responsibilities of the covered financial institutions. This course also covers the options and responsibilities of communities identified by FEMA as being in a flood hazard area and the variables affecting flood coverage limits. |
10119
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3 Hour(s)
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| Interest on Deposits |
A lot goes into setting the numbers that are seen on a bank’s rate board. Interest on Deposits takes a behind-the-scenes look at that process. Students may never look at a rate board the same way again. This course covers the regulations that govern the paying of interest on deposits and the history of these regulations. Also covered are the 2 main laws pertaining to this topic, and how banking regulators interpret these laws. This course will also explain different types of accounts and their restrictions, and methods banks use to calculate interest paid on deposits. |
9773
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2 Hour(s)
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Office of Foreign Assets Control (OFAC)
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The Office of Foreign Assets Control (OFAC) is a U.S. government agency that enforces economic sanctions programs. This course provides an overview of OFAC's mission. It also explains how to identify, handle, and report transactions restricted by OFAC.
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6171
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1 Hour(s)
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Real Estate Settlement Procedures Act (RESPA)
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This course explains the requirements of the Real Estate Settlement Procedures Act of 1974, otherwise referred to as RESPA. The law was given to the Secretary of the Department of Housing and Urban Development (HUD) to implement. This implementation—that is, the specific rules designed to carry out the will of Congress known as Regulation X.
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10118
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4 Hour(s)
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Regulation AA: Unfair or Deceptive Acts or Practices
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This course presents a general overview of the history, purpose and scope of the Federal Reserve System regulation, Unfair or Deceptive Acts or Practices (Regulation AA). Regulation AA contains the Credit Practices Rule (Subpart B), which sets standards of conduct for extension of credit to consumers by the banking industry. Through practical explanations, students gain knowledge about applying the Credit Practices Rule, including credit contract provisions, state exemptions, and complaint procedures.
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10114
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2.5 Hour(s)
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Regulation B: Equal Credit Opportunity Act
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This course examines Regulation B. Students will learn about the Equal Credit Opportunity Act, and the scope and purpose of the regulation that implements the Act. Application practices that are discriminatory according to Regulation B are discussed. Guidelines for collecting information that may be related to prohibited categories are examined and examples are given. Rules for applications for credit involving a residence are explained. There is discussion and examples relating to specific rules for evaluating applications using information that may be related to prohibited categories. The requirements for determining an individual’s creditworthiness are explained. Various financial scenarios are examined in terms of signatures that may be required in order to grant credit. The notification requirements for various actions are described. Finally, record retention and the consequences of non-compliance are explored.
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9777
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3 Hour(s)
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Regulation B: Equal Credit Opportunity Act - In Depth
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This course examines the Equal Credit Opportunity Act (ECOA) and its implementing regulations, which are collectively referred to as Regulation B. in detail. Students will learn about the scope and purpose of ECOA and Regulation B. Credit application practices that are discriminatory according to Regulation B are discussed. Guidelines for collecting information that may be related to prohibited categories are examined and examples are given. Rules for applications for credit involving a residence are explained. There is discussion (and examples) relating to specific rules for evaluating applications using information that may be related to prohibited categories. The requirements for determining an individual’s creditworthiness are explained. Various financial scenarios are examined in terms of signatures that may be required in order to grant credit. The notification requirements for various actions are described. Finally, obligations regarding furnishing credit information, record retention, self-testing and the consequences of non-compliance are explored.
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9780
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4 Hour(s)
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| Regulation CC: Expedited Funds Availability Act |
Regulation CC covers availability of funds and policy disclosure, as well as collection of checks. This course introduces the concept of funds availability and defines the terms necessary to understand availability schedules. Specific availability schedules for various funds are explained and practical examples are provided for student practice. Six exceptions to funds availability requirements are discussed and detailed practice examples are given. Disclosure requirements are explained and various practices that Regulation CC does not prohibit are identified. Collection of checks is not covered in the course. |
9776
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2.5 Hour(s)
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| Regulation C: Home Mortgage Disclosure Act - In Depth |
This course gives a detailed analysis of Regulation C (the regulation that implements the Home Mortgage Disclosure Act), which was designed to level the playing field when it comes to home financing. |
10116
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2 Hour(s)
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| Regulation DD: Truth in Savings |
This course provides the basics of Regulation DD, the implementing regulation for the Truth in Savings Act. This course provides financial institutions with detail about what’s required to maintain compliance with the requirements of Regulation DD. Regulation DD: Truth in Savings presents a basic overview of Regulation DD, required disclosures and disclosure timing, care for ongoing communications, the rules on time accounts, advertising regulations, and recording compliance with TIS. |
9775
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4 Hour(s)
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Regulation E: Electronic Funds Transfer
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This course covers the key provisions of Regulation E: disclosures, customer notices, requirements for preauthorized transfers, error resolution, and consumer liability for unauthorized transfers. It also reviews new electronic transfer services, such as Internet banking, and how Regulation E applies to them.
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9745
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4 Hour(s)
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Regulation O: Credit to Insiders Act
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This course presents an in-depth analysis of Regulation O, the implementing regulation of the Credit to Insiders Act. Regulation O prohibits banks from showing favoritism to their executive officers, directors and principal shareholders (insiders) when extending credit to them or their related interests. Students will learn about the background and basics of Regulation O, who is subject to the regulation, credit terms, how much credit a bank can extend to whom, records, and correspondent accounts.
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10115
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2 Hour(s)
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Regulation U: Margin Stock Act
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This course gives a detailed analysis of the Margin Stock Act. The purpose of Regulation U is to limit the amount of credit available to the securities market in an effort to mitigate market volatility.
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6183
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3 Hour(s)
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Regulation Z: Truth in Lending
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Regulation Z was implemented to assist consumers, who had been frequently misled about the true cost of credit. In addition, a national standard was necessary so consumers could properly compare different types of loans. This course will provide a solid summary of Regulation Z and the Truth in Lending Act.
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9824
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4 Hour(s)
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Residential Mortgage Regulations
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Residential Mortgage Regulations presents a broad overview, covering 7 major regulations that impact mortgage lending. Those regulations include Equal Credit Opportunity, Home Mortgage Disclosure, Real Estate Settlements and Procedures, Truth in Lending, Community Reinvestment, Fair Housing, and Fair Credit Reporting. After completing this course, students will have a better understanding of the broad sweep of the regulatory agencies and the laws they enforce. Students will also learn about each of the 7 major regulations and the requirements they place on organizations.
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9771
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2 Hour(s)
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Right to Financial Privacy Act
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The Right to Financial Privacy Act governs Government authority access to financial information maintained by financial institutions. The intent of the Act is to address concerns that governmental agencies were gaining access to citizens' private financial information, without due process. This course covers those and other aspects of the Act.
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9750
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3 Hour(s)
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