Held throughout the year, webinars are a terrific way to stay informed while in the comfort of your home or office. Fellow ACUIA members and industry experts provide members with valuable, current information to enhance the industry. To take part in this outstanding member benefit, simply log on. It doesn't get any easier!
"Compliance Hot Topics" Webinar Summary
Presented by compliance experts from Doeren Mayhew, this webinar will address various “Compliance Hot Topics” within the Credit Union industry. The focus will be on common compliance deficiencies that are reported during audits and regulatory exams. We will also address the new regulations and updates for 2013 and how they may impact your Credit Union.
Join us and your Credit Union compliance peers and take this opportunity to get answers to your questions. Some of the areas that will be covered include:
TOP COMPLIANCE CONCERNS
- HMDA – Home Mortgage Disclosure Act – Regulation C
- Compliance Management System
- BSA Due Diligence
- UDAP – Unfair and Deceptive Acts or Practices
- Affiliate Due Diligence
TOP REGULATION CHANGES
- Ability to Repay/Qualified Mortgages – updates TIL
- Loan Originator Compensation Requirements – TIL
- Mortgage Servicing Final Rules – RESPA and TIL
- Disclosure and Delivery Requirements for Copies of Appraisal and other Written Valuations – ECOA
- Homeownership Counseling Amendments - RESPA
About the Presenters
Robin D. Hoag - is a Shareholder and Practice Leader of the firm’s Financial Institutions Group. Drawing on more than 35 years of industry experience, he has provided insight to more than 300 financial institutions nationwide.
Designing the original concepts of Doeren Mayhew’s AREST™ methodology, Robin has dedicated his time to providing risk management services to credit unions, community banks, mortgage companies and CUSOs. These services include audits, internal audits, compliance reviews, fraud investigations, lending reviews and the development of enterprise risk management programs.
Adept in all facets of financial institution operations, Robin also focuses on the overall financial and business goals of clients. Throughout his career he has guided more than 100 merger and valuation transactions, forecasted project feasibility and product profitability, developed policy manuals and provided vision through strategic plans.
Due to his extensive industry knowledge, Robin is a nationally recognized expert and speaker often called on by technical and industry associations.
Robert M. Parks - is a Shareholder at Doeren Mayhew in the firm’s Financial Institutions Group. More than 200 credit unions, banks and mortgage companies rely on Bob to ensure that sound accounting and business practices are being performed through a variety of risk-based assurance and advisory services.
Drawing on nearly 25 years of financial institutions experience, Bob is a trusted advisor to many clients. Going beyond providing audit and internal audit services, he guides clients through the complex merger and acquisition process, designs accounting systems, and provides vision through the development of business and strategic plans.
Bob is a nationally recognized speaker and author on a variety of financial institution related issues. Often calling on his expertise are national, regional, and local technical and industry related associations. In addition, Bob assists clients with training of personnel and committee members on numerous topics.
Mobile Banking Landscape
November 14, 2012
Does your credit union offer mobile banking? Are they thinking about it? If you answered ‘yes’ to either of these questions, the ACUIA has you covered!
The ACUIA is proud to partner with Security Compliance Associates (SCA) to offer you another webinar about a hot topic impacting credit unions today. Join us as Jim Brahm and Rick Woods from SCA cover recent mobile banking trends, help us navigate the uncertain waters of the recent regulatory guidance,
and reveal key auditing considerations for mobile banking. Jim and Rick will also share cautionary tales of companies who have been in the headlines for all the wrong reasons because of inadequate security over their mobile payment systems.
About the Presenters
Mr. Brahm is the managing Director and CEO of Security Compliance Associates. His primary role is running the day to day business of SCA, ensuring that product and service deliverables are competitive and ‘better than advertised’. He is also responsible for the long term strategic direction of the company including effective capital management, new product development, strategic alliances and business development.
Prior to joining SCA, Jim enjoyed a 26 year career with FIS, Certegy, Equifax Card Services and Telecredit, Inc. Jim held numerous executive operational and sales roles during his career in the Payments Industry and is widely known as an effective and impactful leader. Jim was responsible for many large, strategic sales which significantly helped grow the revenues of the company. His most recent role at FIS was SVP and Chief Operating Officer for the Credit card division, which include 4 large business units and over 1,000 associates. Jim attended University of Tampa and University of South Florida with majors in economics and management. Jim serves on several local community focused organizations boards and councils.
A founding member of SCA, Mr. Woods has personally developed over 300 credit union client relationships throughout America. Mr. Woods’ responsibilities include managing and growing SCA’s sales force and marketing operations. The Pittsburgh Steelers drafted Rick out of Boise State University, where he majored in history. After a six year NFL career, Rick involved himself in financial institution sales. Rick has over twenty years experience in financial institution sales and marketing, including credit card processing, EDI, and Internet Banking solutions.
UDAAP and the New Fair Lending Standard
August 22, 2012
Presented by by Daniel L Huston, Partner, Internal Audit and Regulatory Compliance, answers the following questions and address topics about Fair Lending and UDAAP including:
1. How do fair lending laws and UDAAP intersect?
2. Basic concepts of Fair Lending and UDAAP
2. How to develop major controls to minimize risk for Fair Lending and UDAAP assertions
3. Best practices for implementing Fair Lending and UDAAP programs
The relationship between the two may not be apparent at first, but guidance provided to federal examiners indicates that if a violation of fair lending laws is identified, then UDAAP must also be evaluated.
Fair Lending Regulations and regulatory approaches to evaluating potential violations of these laws have been with us for a number of years. We have seen a number of cases of business practices deployed by financial institutions that have resulted in restitution and adverse publicity for those involved. However, what many do not realize, is that as with any consumer protection regulation where Congress has mandated restitution, fines and monetary penalties, regulators have also been charged with evaluating for patterns of Unfair and Deceptive Acts and Practices (UDAAP) when Fair Lending violations are detected. With the addition of the concept of “Abusive” under the mandates of the Dodd Frank Act, approaches to evaluating UDAAP and Fair Lending are fast evolving into a new standard.
Daniel L. Huston, CPA, CFIRS
Partner Internal Audit and Regulatory Compliance
Dan has over 30 years’ experience working with financial institutions, holding a variety of operations and lending positions, with a significant focus on compliance with Federal regulation, product development and processing efficiency. Dan Joined Moss Adams in 1999 and directs the Firm’s Internal Audit and Regulatory Compliance services for financial institutions. Dan’s areas of expertise include credit underwriting and lending compliance, anti-money laundering program administration, and trust and fiduciary operations. He has also devoted significant effort to development of risk assessment methodologies related to internal audit and compliance programs, assisting clients in implementation of risk management programs and integrating risk management strategies for smaller financial institutions.