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Banks are required to make an effort to serve the credit needs of the low- and moderate-income communities in the areas they serve. The Dodd-Frank Act has had a major impact on regulations for financial institutions, so it is more important than ever for compliance officers to keep up with changing regulatory requirements. The requirements for qualified community reinvestment projects are only one of the areas affected by Dodd-Frank.
The regulators are looking for evidence that your bank puts a premium on compliance. They want to know that your compliance officer’s skills are up-to-date with the latest compliance demands. You can give them what they’re looking for, and ensure that your bank’s compliance efforts are correct, when your compliance officer completes the Sheshunoff® Regulatory Compliance Certification Program CRA/HMDA Module.
Successful completion of this module earns your candidate certification as a Sheshunoff Compliance Officer with a certificate suitable for framing and hanging on your wall. And it’s all done right in your bank at your candidate’s own pace and convenience.
Self-paced training has proved to be an effective, and cost-effective, way to learn a subject in detail. More is learned and retained when the training is self-paced, and the manual later becomes a handy reference to refresh the user’s memory and get fast answers.
When a regulator sees a Sheshunoff Compliance Officer CRA/HMDA Certificate hanging on your wall, it’s a sign that your compliance officer has the skills and knowledge necessary to handle the compliance challenges that these laws present.
The CRA/HMDA Module contains the following courses:
Highlights How to Use This Manual Preface
Tables of Contents:
CRA/HMDA Lending Deposit Disclosure and Interest Rate Requirements Other Laws and Regulations BSA and AML Look Inside This Book!*
*Requires Adobe Acrobat Reader
Each module covers a single key area of compliance in detail; each course in a module covers a single regulation. The modules can be completed in any order, so your candidate can get up-to-speed on the issues of greatest concern to you first and tackle other modules later.
When the course work for a module has been completed to the candidate’s satisfaction, he or she requests the final exam on that module. The Passing grades earn a certificate for that module.
To earn the program certificate, simply complete all five modules of the Regulatory Compliance Certification Program within a two-year period. When all five modules have been successfully completed, the candidate will receive a certificate to show the regulators, and others, that your bank has recognized and met the serious, demanding challenges of compliance.
Patsy Parkin is a consultant, specializing in bank regulatory compliance, to the law firm of Butler, Snow, O’Mara, Stevens & Cannada in Jackson, Mississippi. Formerly, she was vice president and compliance officer with Deposit Guaranty Corp., where she was responsible for maintaining compliance with applicable laws and regulations and conducting internal training. Mrs. Parkin conducts monthly training for the Mississippi Regulatory Compliance Group, and is the author of several leading regulatory compliance titles. See all works by Ms. Parkin