Insights PS is a new program where you’ll hear new information on compliance and related hot topics. Inspired by free thought-discussions in compliance training and planning meetings, we want to provide you with less scripted presentations that are based on topics of interest right now. These are inspired by the headlines and bankers questions. And the PS means we often have a little more to say and that we plan to deliver guidance on Problems and Solutions you can use.
In this first episode join John Burnett and Andy Zavoina as they explore electronic signage requirements. You know those posters you’ve come to see and ignore in HR, the breakroom and by the timeclock? Yes, those federally required posters are there to provide necessary information and with so many workers still in a home office, and some perhaps expected to remain there longer, there are methods for e-delivery that were approved at the end of 2020. But many banks missed this update but now you and your Human Resources area can fix that. When you have the little things done, we’re confident that the big things are compliant too.
We will also discuss the CFPB and the upcoming direction for compliance management. The CFPB and other agencies are giving us a glimpse into the future as to loan servicing expectations and potential areas of enforcement as well as new rules for QMs, commercial loan data, collections and more. Forewarned is forearmed. Anyone turning a deaf ear to the early warnings we are hearing about now may find themselves looking for a defensible position just months from now. Don’t act now and ask for forgiveness in the future. We see Civil Money Penalties rising and the first banks to be found violating expectations, yes, expectations of compliance, will be the examples so that others learn about regulation by enforcement. Decide which example your bank should be.
WHO SHOULD ATTEND: This webinar has topics for Compliance, Security, and Human Resources as well as lenders and loan servicers.