Community Bankers for Compliance, Session IV

$0/CBC Member; $375/Non-Member Tuesday, October 20, 2020 9:00 AM Register

Your health and safety is our priority. Due to the COVID-19 outbreak, this event will now be hosted on a virtual platform. 

If you have any questions, please don’t hesitate to contact Nick Loppnow at 608-441-1208 or nloppnow@wisbank.com

The fourth session of the Community Bankers for Compliance will cover: Regualtion DD, D, the new APYWIN, and Deposit Disasters

In a recent publication, the FDIC indicated that the second most violated regulation for 2019 was Regulation DD. Although the regulation has not changed in many years, in order to either retain or grow market share, bank management and staff have been “creative” with new product offerings. And with the end (at least for now) of restrictions on transactions under Regulation D, the creativity is more permissible – to a point. The impacts of these changes will be an important portion of our discussion.

The second portion of the presentation will be a review of the new 2020 version of APYWIN. This compliance tool has been redesigned in part to assist banks with the new and more challenging products that they are creating. This portion of the presentation will discuss how to use the new APYWIN to assure compliance with the relevant parts of Regulation DD. The manual will assist attendees in the use of APYWIN, similar to APRWIN which was offered as a topic last year.

The third portion of the presentation we have titled “Deposit Disasters.” Attendees will be given the opportunity to review the issues raised in real life hotline questions and audits Young & Associates, Inc. has performed, and to make decisions regarding how to resolve the issues presented, if necessary. “Deposit Disasters” will also include a review of advertisements - something that can create no end of difficulties if the bank is not careful. Attendees will get to take a look at the text of the advertisements and make decisions regarding whether the advertisements were correct, and if not, how to fix them.

This topic was chosen based on the FDIC results discussed above, as well as several requests for APYWIN and more “real life scenarios” that were made when we solicited subject ideas for our 2020 CBC seminars. The subjects for the regulatory update will be determined by circumstances and releases from the various agencies.

Who should attend?

Compliance officers, deposit department heads, senior management, marketing personnel, and others with responsibilities for deposit services should attend. Additionally, audit personnel will find this session useful.

Session III Agenda:

Day 1: October 20

9:00 a.m. to approximately noon:

  • Regulatory Update
  • Regulation D
  • Reguatlion DD

Day 2: October 21

9:00 a.m. to completion (no later than noon):

  • Deposit Disasters - case studies and advertisement issues

$0/CBC Member; $375/Non-Member Tuesday, October 20, 2020 9:00 AM Register