WBA Community Bankers for Compliance Program – Membership and Session I
Session 1: Virtual
- January 23, 2024
9:00 a.m.–12:00 p.m. (noon)
Program & Membership Information
Wisconsin Bankers Association (WBA) is pleased to sponsor the annual Community Bankers for Compliance Program (CBC), one of the most successful and longest running compliance training programs in the country.
The CBC Program will provide your bank with up-to-date information on the ever-changing bank regulations, as well as guidance for structuring and maintaining your in-bank compliance program. In addition, it provides a forum where those responsible for regulatory compliance can discuss issues and exchange ideas with other community bankers.
Basic Membership to the CBC Program consists of the following:
- Quarterly Seminars: A compliance seminar is provided each quarter. The main topic is selected based on the most recent industry and regulatory developments which may have an impact on community banks. Each person attending the program will receive a detailed manual, written in full narrative, that they can take back to the bank as a reference and training tool.
- Monthly Newsletter: The Compliance Update newsletter is sent to program members each month. It provides an update of compliance issues that impact community banks.
- Compliance Hotline: Members of the program may call the Young & Associates’ toll-free number or visit their website for compliance questions that arise on a daily basis. Young & Associates has many qualified professionals available to answer your questions. This service ensures that your bank is just a phone call away from the information you need in order to answer your compliance questions.
- CBC Members Only Web Page: This web page is reserved for banks that are registered members of the Community Bankers for Compliance (CBC) Program. Members will find special and timely information and tools provided by Young & Associates, that can be used to enhance the regulatory compliance function at your bank.
Who Should Attend?
The focus of the CBC is always regulatory compliance. It is essential that your bank’s compliance officer attend. Because regulatory compliance should be approached from a team perspective, many banks find it extremely beneficial to send additional employees to sessions on topics that relate directly to their positions in the bank. These employees typically come from the customer service, lending, or operations departments in the bank. To support this team effort, the CBC has been priced to enable your bank to send additional employees at a lower cost.
Session 1 Topics:
- Main Subject: The Updated CRA Regulation
After many “starts” and “stops,” the 1995 version of the Community Reinvestment Act (CRA) has been updated. While the core purpose of the CRA has remained unchanged over the last 30 years, banking and technology have evolved, prompting changes addressed in the new regulation. The pronouncement spans over 1,400 pages, with more than 400 of them dedicated to the actual regulatory text. The manual will be extensive, but our focus will be on the essential information you truly need to know. Of course, all the regulatory text will be included.
The regulation will pose increased challenges even for smaller banks, and significant changes will be evident for large banks. We will discuss the requirements for banks of all sizes in detail. Though the rule will not take effect for a couple of years, it is imperative for all banks, regardless of size, to begin preparing for the “new” CRA now. This seminar will offer all attendees a “road map” to help prepare for the future.
Registration Options
Bank Member Registration:
- CBC Basic Program Membership (Level 1)
- $1,350 – First representative (4 sessions)
- $450 – each additional representative (4 sessions)
- $150 – each additional representative (single session)
- CBC Enhanced Program Membership (Level 2):
- $800 – additional charge to your CBC Basic Program Membership
- Individual CBC Seminar Session Fees:
- $375 – first representative (single session)
- $150 – each additional representative (single session)