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Wisconsin Credit Union Foundation

Opening Accounts Online: Rules, Risks & Best Practices

This fast-paced session will cover the required disclosures for opening deposit accounts, E-SIGN compliance, BSA due diligence for CIP, and best practices for opening deposit accounts online.

Jul 30, 2019 02:00 PM   -­­  Jul 30, 2019 03:30 PM
CT
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Type of Event
Webinar

Who Should Attend
  • Member Services
  • Compliance
  • Webinars

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Description

Electronic banking continues to evolve, and financial institutions must keep pace with technology, regulatory requirements, and cybersecurity challenges. Recent surveys indicate that 51% of US adults use an online banking application. This fast-paced session will cover the required disclosures for opening deposit accounts, E-SIGN compliance, BSA due diligence for CIP, and best practices for opening deposit accounts online. Learn a six-step process for consumer consent and common challenges with deposit account opening procedures.

Learning Objectives

  • E-SIGN-related deposit regulations and specific compliance provisions
  • Common questions regarding E-SIGN
  • Six-step consumer consent process
  • Basic steps for E-SIGN implementation, including CIP, vendor selection, and more 
  • FFIEC expectations for cybersecurity risk assessment

Speaker

Susan Costonis, CRCM, Compliance Consulting & Training for FIs ​

Investment

$259.00

Live and recorded webinar, handouts, quiz with answer key and training log are included.