DON’T MISS PART 2!
This program is the first of two in a series. Watch for
Part 2 – New FFIEC Consumer Compliance Rating System, Effective March 31, 2017:
Violations of Law & Consumer Harm
on Friday, February 17, 2017
The FFIEC has finalized the new Consumer Compliance Rating System, and it will become effective March 31, 2017. It emphasizes the importance of a compliance management system (CMS). The agencies developed a consistent way to rate all institutions after an examination – and have it relate to their risk profile. It’s important to know what is new, what is the same, and what examiners will expect! The new rating system will test the CMS, risk rate the institution, and test the processes the compliance officer has in place to control risk and eliminate the possibility of consumer harm – a major area of regulatory concern.
Having a standard compliance policy is no longer enough. There are now three pillars to the rating system. This webinar will explore the new guidelines for the first two pillars: board/management oversight and the compliance management program. (Part 2 of this series will cover the third pillar: violations of law and consumer harm. See information below.)
ABOUT THE PRESENTER – Mary-Lou Heighes, Compliance Plus, Inc.
Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.
Involved with financial institutions since 1989, Mary-Lou has over 20 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.
This informative session is designed for compliance officers, senior management, auditors, and compliance councils/committees.
This webinar is being hosted through a national webinar provider. Wisconsin state law will not be addressed.
Wednesday, January 25, 2017 2:00 PM - 3:30 PMCentral Time
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