This course will introduce the learner to Regulation O by explaining its purpose: to limit the amount of credit that a lending institution may extend to its insiders. The course will also familiarize the learner with the concept of insiders and how and why restrictions exist in regard to their role at the institution. After completing this course, the learner will understand:
- Who is considered an insider.
- The various restrictions on loans to executive officers.
- The penalties that institutions may face for violating Regulation O.
Seat Time: 0.25hrs - Desc:
This course will describe Regulation YY, which implements the Enhanced Prudential Standards and early remediation requirements mandated by Section 165 of the Dodd-Frank Act. This course will further explore the final enhanced prudential rule, capital requirements, and stress testing requirements. Upon completion of this course, the learner will understand:
- The repercussions for FBOs of failing to meet capital adequacy standards
- The FBO stress testing requirements mandated by the FRB
- The changes implemented by the Final Enhanced Prudential Rule
This course will introduce the learner to the Community Reinvestment Act (CRA) by detailing the requirements of the Act. The learner will also understand the requirements of Regulation G and the necessity of record retention and performance tests. After completing this program, the learner will be able to:
- Understand the record-retention requirements and performance tests that institutions must undergo.
- Describe the Act’s purpose, disclosures, and the necessity of compliance.
- Understand the effect of the CRA record on applications.
This course will emphasize the importance of regulations passed by the Consumer Financial Protection Bureau (CFPB) by providing the learner with details on the implementation of new rules. Additionally, the learner will be able to prepare his/her institution for CFPB rule compliance. Upon completion of this course, the learner will understand:
- The Ability to Pay/Qualified Mortgage Rule
- The ECOA Valuations Rule
- The TILA Higher-Price Mortgage Loan Appraisal and Escrow Rules
- The HOEPA Rule and Loan Origination Compensation
Seat Time: 0.5hrs - Desc:
This course will introduce the learner to Regulation S, which implements the Right to Financial Privacy Act (RFPA). The learner will be instructed on how the RFPA protects customers' financial privacy. After completing this program, the learner will understand:
- How Regulation S implements RFPA.
- How Regulation S implements the Annunzio-Wylie Anti-Money Laundering Act of 1992.
- Actions established by the Annunzio-Wylie Anti-Money Laundering Act of 1992.
Seat Time: 0.25hrs - Desc:
This course will introduce the learner to Regulation T, which implements the Securities Exchange Act. The course will introduce the learner to the purpose of Regulation T as well to restrictions on extending credit. After completing this program, the learner will understand:
- When Regulation T applies.
- What margin securities are included.
- Limitations on securing funds under Regulation T.
Seat Time: 1hrs - Desc:
This course will introduce the learner to the CAN-SPAM Act of 2003, and the regulations and options surrounding consumer email. The learner will begin to understand the examination process surrounding financial institutions and their compliance with federal laws. After completing this program, the learner will be able to:
- Distinguish between an unsolicited advertisement and an established business relationship.
- Understand the purpose and use of the Do-Not-Call-Registry.
- Adhere to the goals of the CAN-SPAM Act.
Seat Time: 0.25hrs - Desc:
This course will introduce the learner to Regulation U, which deals with extending margin stock. The course will also discuss for the learner what qualifies as "margin stock" and "indirectly securing credit." After completing the program, the learner will understand:
- Definition of "maximum loan value."
- Requirements of the bank lender.
- When non-bank lenders must comply with Regulation U.