A Certified Compliance Officer Has the Skills and the Knowledge Your Bank Needs to Ensure Compliance.

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.

Show the Regulators Your Compliance Officer Has What It Takes.

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:

• Community Reinvestment Act. Understand the major CRA compliance requirements and how to satisfy them, as well as the practices this law encourages but does not mandate, the various compliance tests under which a bank can be evaluated, the value of performing a CRA self-assessment, and how examiners determine your bank’s CRA rating.
• Home Mortgage Disclosure Act (Reg C). Understand what data your bank must compile, how to complete the loan/application register, and what the reporting requirements are for your regulatory agency. Learn what the public disclosure requirements are, how HMDA data are reported for mergers and acquisitions, and what happens if your bank makes an error in reporting data.

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!*
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Regulatory Compliance Program

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.