Deposit Compliance Hot Topics -Overdraft, Representment, UDAAP, Supervision and Enforcement
Presented by: Financial Services Law Firm, Mitchell Sandler LLC. Register now for the full day Seminar 9:00am to 4:00pm. Bank pricing of $200 -first participant and $150 for each additional attendee (Lunch provided)
CPE 8 credit hours
Covered Topics:
Session 1 – 9:00 AM – 12:00 PM, including a 15-minute break
Hot Topics in Supervision & Enforcement
- Regulatory and enforcement developments on so-called “junk fees”
- Update on authorize-positive-settle-negative, NSF fees for represented items, dynamic overdraft limits and more
- Regions consent order
- FDIC Guidance, CFPB Circular
- Impact of private litigation on regulatory exams
- “Junk fees” and the pressure to reduce or eliminate them
- Differing views and approaches between regulators
- Electronic Funds Transfer Act and Regulation E issues
- Incorporation of “unfair discrimination” principles into CFPB UDAAP exam procedures
- CFPB’s expansion of ECOA-like protections to deposit and payments and to protected classes outside the scope of ECOA
Best Practices for Deposit Agreements & Disclosures
- When is it time for a top-to-bottom regulatory review?
- Importance of close collaboration between the business, Compliance and Legal
- Hot-topic disclosures
- Overdraft, NSF and transaction posting
Session 2 – 1:00 PM – 4:00 PM, including a 15-minute break
Your CMS & Compliance Risk Management of Deposit Accounts
- Common gaps in controls, policies and procedures
- Overdraft programs
- UDAP/UDAAP
- Regulation E and the different error resolution processes across account types
- FCRA use of consumer reports and information furnishing
- Transaction testing and model and process validation
- Data and preparing for Dodd-Frank Section 1033 rule making
- Account data and information security
Third-Party Risk Management in the Face of Evolving Technology & Regulatory Expectations
- Bank Cores
- Managing your core provider
- Shopping for new cores
Evolving technology used by vendors is changing how certain commonly outsourced functions should be managed
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- Digital advertising
- Prepaid card program managers and outsourced
- ledgers
- Mobile deposit and online banking
- Application program interfaces
- Fintech partnerships
And other related deposit hot topics!
Who Should Attend:
Compliance Officers, Deposit Operations, Legal, Audit, IT, Risk Managers, and any other personnel with Deposit regulatory compliance responsibilities.
CRCM CE Credits:
This seminar has been approved by the ABA Professional Certifications for 6.75 CRCM CE credit hours. The training will appear as: South Florida Compliance Association I Deposit Compliance Hot Topics -Overdraft, Representment, UDAAP, Supervision and Enforcement.
