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Compliance Updates

Compliance & Regulatory

Our Compliance Specialists maintain a dynamic and chronological database of updates as they are made to our courses, in order to provide our clients with specific and detailed information as to the nature of these updates. We issue what we call our “Compliance Blast,” which provides an in-depth summary of all compliance updates. In this manner we keep our clients informed of regulatory changes in the industry that affect their eLearning training.

 

Please review our updates below:

The Edcomm Group Banker’s Academy is dedicated to training excellence and compliance in the field of financial services. Our team of experts and research consultants have come together to bring you updated regulations and notices from the federal banking agencies, including the Federal Reserve Bank, Office of the Comptroller of the Currency, the Securities and Exchange Commission, the Consumer Financial Protection Bureau, the National Credit Union Administration, and other regulatory authorities. The following list reflects what is new or currently being updated within our training. 

What’s New?

Anti-Tying Inter Affiliate Transaction  - During the COVID-19 national emergency, lenders are unable to obtain an appraisal based on a full interior and exterior inspection of the subject property. In response, regulators are allowing temporary flexibility to our appraisal requirements.

Appraisal Regulations  - Federal Regulators announced an interim rule that would temporarily defer real estate appraisals and evaluations as a temporary relief during the COVID-19 Pandemic.

California Sexual Harassment  - This training now has clarified and revised information regarding the sexual harassment laws in California. 

CARES Act - New training about The Coronavirus Aid, Relief, and Economic Security Act

Disaster Prevention and Mitigation Planning - This training has been updated with information regarding the Coronavirus (COVID-19) pandemic.

HR Compliance - This training has been updated with information regarding Pandemic Preparedness in the Workplace and the Americans With Disabilities Act, The Families First Coronavirus Response Act, and overtime pay.

NCUA - The National Credit Union Administration Board Approves Regulatory Relief Measures in Response to COVID-19.

Overview of Social Networking - This training now has the New Social Media Marketing Industry Report

Regulation B - This training now has clarified and revised information regarding the Adverse action notices under ECOA

Regulation D - The Federal Reserve Board announced an interim final rule to amend Regulation D to delete the six-per-month limit on convenient transfers from the "savings deposit" definition.

Regulation E - The Consumer Financial Protection Bureau (CFPB) took action to ensure that consumers can use remittance transfers without disruption during the COVID-19 Pandemic.

Regulation Z - The Consumer Financial Protection Bureau and the Federal Housing Finance Agency announced a joint effort to assist borrowers experiencing financial hardship in connection with the COVID-19 pandemic. The Borrower Protection Program (BPP) augments a number of prior actions taken by the regulators in connection with and relating to the CARES Act.

 

Looking Ahead

Take a look at regulatory changes and new content coming soon!

HR Compliance - OSHA Standards for COVID-19

 

  • We switched to Banker’s Academy over a year ago from a different online training program. The cost savings was tremendous - which has been very helpful in this time of budget cuts. We found that the training content is precise, to the point, and always current. It doesn't have a lot… Read More
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