Fed to offer webinar on flood insurance rule
As part of an ongoing series of events focused on consumer compliance topics, the Federal Reserve is offering a webinar May 14 to explain the interagency flood insurance that requires mortgage lenders to accept both private and government-backed flood insurance policies.
The webinar is scheduled to begin at 2:00 p.m. Eastern; staff from the Federal Reserve, Farm Credit Administration, FDIC, NCUA and Office of the Comptroller of the Currency will participate in the webinar. Attendees may send questions by email ahead of the webinar; more information and registration is available here.
The presentation will include a question and answers segment, and review the following topics:
- mandatory acceptance of private flood insurance;
- mandatory acceptance of compliance aid statement;
- discretionary acceptance of private flood insurance;
- flood coverage provided by mutual aid societies; and
- preparations to comply with the rule.
For more on the final rule read this February Compliance Blog Post by NAFCU Regulatory Compliance Counsel Reggie Watson. Watson outlined the implications and included a number of resources for credit unions to use to prepare for when the rule goes into effect on July 1.
NAFCU has pushed for improvements to the National Flood Insurance Program (NFIP), including allowing private policies to fulfill the federal flood insurance mandate, increases in coverage limits, capping premiums and rates, and updating federal flood mapping procedures. Congress is considering legislation to reauthorize and reform the program, which is currently set to expire May 31.
Add to Calendar 2019-07-18 14:00:00 2019-07-18 14:00:00 Preparing for the NAFCU Certified Bank Secrecy Officer (NCBSO) Designation NAFCU's Certified Bank Secrecy Officer (NCBSO) designation can only be obtained in-person during NAFCU's BSA Seminar. It's the ideal achievement for people like you who protect your credit union against money laundering threats. It also demonstrates to NCUA and FinCEN you're dedicated to BSA compliance. Don't miss this opportunity to learn more about the NCBSO designation, its benefits and best practices for exam prep. Join Brandy Bruyere, NAFCU’s VP of Regulatory Compliance for this short webinar on how best to prepare for the NAFCU Certified Bank Secrecy Officer Designation. Key Takeaways: Learn and review best practices to prepare for the NCBSO exam Explore the best use of study materials Learn about the daily study sessions Discover how to maximize your study time Register NowRegistration is free, but you must register to attend.One registration gives your entire credit union access to the on-demand recording until July 18, 2020.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU 2019 BSA Seminar registrants BSA, AML, risk, auditing, legal and operations staff Executive Management Credit Union Counsel Open to all credit unions, regardless of membership or charter type! Education Credits This webinar does not qualify for any continuing education credits recognized by NAFACU or NASBA. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU firstname.lastname@example.org America/New_York public
FREE Live Webinar
Add to Calendar 2019-07-18 14:00:00 2019-07-18 14:00:00 Executive Benefits: Pitfalls to Avoid in Due Diligence Watch the Webinar On-Demand About the Webinar Is your executive benefits program regulator-friendly? Whether you have an existing program or are interested in developing one, find out what matters most to your regulator. You’ll hear about trends in recent exams and get tips on updating your program. Other hot topics include: Overview of Executive Benefits NCUA 2017 Examiner Guidance for Executive Benefits and Benefit Investments Thirteen red flags to avoid Web NAFCU email@example.com America/New_York public
Get daily updates.
Subscribe to NAFCU today.