The FACT Act requirements are rolling into place. You know that things don't always go smoothly so you need to roll with the punches. The big question is: what will the punches be and will you be ready? It's time to take stock of where you and the regulators stand on the FACT Act. This is also a good time to start looking at the whole picture instead of working piece by piece.

Looking at the FACT Act piece by piece can be daunting. It can also actually prevent you from developing effective practices for compliance. In this BOL program, we approach the FACT act by process rather than by specific requirements. Each process, whether reviewing credit reports for underwriting or sending notifications of various types to customers, should have FACT Act compliance integrated into it.

The program is organized to provide you with:

• A quick review of what is required
• A risk analysis to set priorities
• A review of making the FACT Act work by process and department
• Making the FACT Act work with other regulations
• A look at what is next

We'll walk through the notifications processes - all of them - and flag where responsibilities sit. Then there are information protection procedures. And, of course, protecting customers from identity theft by providing information and fast responses.

Some requirements carry high risk while others are low risk. Some have customer service opportunities and others are simply something we have to do. In the program, we'll risk rate these elements to help you with your priority list.

Next, we'll look for some efficiencies, such as how to make the FACT Act work with instead of against or in addition to other regulations. For example, there are ways to combine the customer identification requirements with CIP. And there are ways to use FACT Act disclosures and information to support your CRA fair lending program.

Finally, we'll look at the rules that have not yet been written - like risk-based pricing disclosures and protecting medical information - and share a few tips on what you should be doing to prepare for them.

About the speaker:  Lucy Griffin
Lucy Griffin brings to her clients over twenty-five years of experience working with regulatory agencies and financial institutions. Her extensive work experience with regulatory agencies includes the Federal Home Loan Bank Board, the Board of Governors of the Federal Reserve System, and the Federal Trade Commission. For more than five years, Griffin managed the Compliance Division of the American Bankers Association, managing the Division's activities which included production of compliance resources and programs. Griffin is the editor of Compliance Action and the co-author of the Compliance Accountability Manager. Griffin is also a Senior Advisor with the Paragon Compliance Group, a company dedicated to providing quality compliance training.

Nationally recognized as a leading compliance speaker and trainer, Griffin is on the faculty of ABA's National Compliance School, develops and leads the case study at ABA's National Graduate School of Compliance Management, and is a featured speaker at many national and state compliance conferences and seminars.

Griffin received her B.A. from the University of Michigan, a J. D. from Cornell Law School and is a Certified Regulatory Compliance Manager through the Institute of Certified Bankers and a Certified Risk Professional through the Bank Administration Institute.

About the seminar:
Each registration comes with ONE access to LIVE event and 30 days of unlimited access to the ARCHIVE event. If you wish to have multiple locations participate you must have one registration per location. If the complete broadcast is received via the computer the AUDIO and VIDEO COMPONENTS can be connected to a A/V projector to allow multiple participants to view the conference. If the audio portion of the broadcast is received via the telephone the AUDIO portion can be placed on speaker phone to allow multiple participants. Interactive components delivered via Web include slides, online polls and Interactive Q&A via chat.

You may view the ARCHIVED Presentation of this training event as many times as you wish throughout the next 30 days. This will enable you to participate in the LIVE event as well as train additional staff from the ARCHIVED event.

Handouts will be provided and we welcome questions during and after the seminar, as well as in advance. Questions received after the seminar will be posted on a special Web page for later viewing by seminar attendees.

Refund Policy: All registration changes or cancellations are subject to a $20 processing fee. Registration cancellation requests made in writing (email is acceptable) at least 10 days prior to the event will receive a full refund minus the $20 processing fee. For cancellation requests made less than 10 days prior to the event, registrants may elect to receive an ARCHIVED On-Demand view of the event or a credit toward a future event.

If there is a complaint regarding the program, participants should contact Carin Eisenhauer, BankersOnline.com. at 405-348-0269 or email carin@bankersonline.com


Contact Information: Billing questions can be directed to Carin Eisenhauer, carin@bankersonline.com. All other questions may be directed to mpetry@bankersonline.com

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