Webinar: Compliance Management
& Fair Lending Training for the Board
Wednesday, August 20, 2014
2:00 - 3:30 pm CST
Speaker: Susan Costonis, Compliance Consulting and
Training for Financial Institutions
About the Program
Directors play an important role in the success of every credit
union. The CFPB has issued many changes to regulations that became
effective in January 2014. What does your board need to know? Can your
credit union demonstrate that all the required changes have been
implemented and that an effective compliance management system is in
place? Can you prove that all members are treated equally under the
existing and new fair lending laws? With this webinar, directors will
learn about their roles and responsibilities in these areas. In
addition, you can use the provided materials to satisfy the periodic
training for board members.
What regulators expect board members to understand about compliance
What type of overview should be in place when new regulations
require a board-approved policy or procedure?
Critical compliance training for new board members
Five “best practices” for making compliance reports to
What should the board understand about fair lending? How does the
CFPB impact your credit union?
What are the risk factors in fair lending analysis and what type of
reviews should be presented to the board?
Recent enforcement actions regarding vendor management and
violations of fair lending laws