| Savannah, Georgia

Regulatory Compliance Seminar

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Monday, September 30

  • 5:00 p.m. - 6:00 p.m.
    Early Registration

Tuesday, October 1

NCUA Exam Focus | Sessions start at 8:30 a.m. and end at 4:00 p.m.
  • 7:30 a.m. - 8:30 a.m.

    Start your day with hot breakfast, and the opportunity to build stronger connections with your peers from credit unions across the country.

  • Conference Welcome Address
  • Overdraft rules are of special interest to NCUA this year and continue to pose litigation risk to credit unions. Get a refresher on Regulation E’s overdraft provisions and NCUA’s overdraft guidance. Find out the latest on overdraft litigation across the U.S. and discuss ways to manage legal risks.

  • FASB’s CECL standard is the most significant change in accounting rules in decades. The change will affect credit union capital and ALLL. Learn the basics of this impending change and what credit unions are doing to implement it.

  • Review the consequences of illegal discrimination and review the key points in federal laws.  Gain insights on how to avoid discriminatory and unfair lending practices when interacting with members and identify the best practices to ensure compliance with fair-lending laws.

  • NCUA is paying special attention to credit union IT risk management and whether appropriate controls are in place. NCUA is also looking closely at credit union oversight of IT service provider arrangements. Learn more about NCUA’s ACET which is being used in examinations of institutions over $250 million in assets.

  • Energize for the second half of the day and build stronger connections with your peers from credit unions across the country.

  • The NCUA has implemented new processes related to issuing and following up on the examination report.  Working together to proactively identify problems and reasonable solutions will ensure credit unions continue to serve their members and operate soundly.

  • Examiners are people too, and sometimes they get it wrong. Find out how to engage with an examiner on areas of concern or conflict, when to escalate and how to appeal exam findings that do not seem to hit the mark.

  • While not a formal supervisory priority in 2019, credit unions indicate NCUA is placing an emphasis on vendor management during exams. Take a deep dive into vendor management best practices including real life examples.

  • 6:00 p.m. - 7:30 p.m.

    Join your peers for an early evening reception featuring cocktails and heavy hors-d'oeuvres.

Wednesday, October 2

Business Focus/Fraud Sessions | Sessions start at 8:30 a.m. and end at 4:45 p.m.
  • 7:30 a.m. - 8:30 a.m.

    Start your day with hot breakfast, and the opportunity to build stronger connections with your peers from credit unions across the country.

  • Considering serving business members? Get the lowdown on qualifying businesses for field of membership, running CIP, customer due diligence and risk rating member businesses, and regulatory considerations for serving member businesses.

  • Adding commercial-purpose lending to its portfolio is a big step for a credit union. Learn about the regulatory considerations for starting a commercial lending program.

  • As states legalize marijuana, and interest in cannabis-related products increases in the U.S., more and more financial institutions are considering serving businesses that sell CBD, hemp, medical or recreational marijuana. Understand their relative risks from a legal and regulatory perspective.

  • Hear from credit unions who have run the traps on the legal and regulatory considerations for serving marijuana and cannabis or hemp-related businesses and how this fits into their own risk appetite. Gather insights on how they resolved the risks marijuana to fit into their individual credit union’s strategic plan.

  • Energize for the second half of the day and build stronger connections with your peers from credit unions across the country.

  • Criminals will continue to find new ways to breach information technology systems and seek access to money and sensitive information from credit union members. Learn the Federal Reserve’s newest information on payments and what the trends are in payments fraud.

  • Learn how to protect your credit union from costly blind spots and get refresher information on liability for fraudulent checks under the Model UCC. Forged cashier’s checks are on the rise; hear some operational best practices to avoid getting stuck with the bag.

  • Elder financial exploitation poses a serious threat to your older members. Perpetrators range from close family members to offshore scammers. Frauds and scams are always changing. But credit unions are well-positioned to spot signs of elder financial abuse and to respond when they see it - and may even be obligated to report in some states. This session will provide an overview of these resources, including a review of core elements for training credit union staff that aligns with requirements to receive a safe harbor under recent federal law.

  • Go behind the scenes at the FBI and hear first-hand case studies from law enforcement professionals on the front lines. Gain insights on how sophisticated criminals get away with money laundering schemes, including how bad actors succeed and how they get caught.

Thursday, October 3

Cybersecurity/Compliance Risk Management | Sessions start at 8:30 a.m. and end at 4:30 p.m.
  • 7:00 a.m. - 8:30 a.m.

    Start your day with hot breakfast, and the opportunity to build stronger connections with your peers from credit unions across the country.

  • Compliance officers, like directors, are tasked with having enough of an understanding to ensure that their IT divisions are meeting NCUA standards. Come get a basic rundown of some basic cybersecurity concepts and vocabulary as a starting place for understanding these technical issues.

  • Reviewing whether credit unions are meeting the mark when overseeing IT vendors is a supervisory priority for 2019. Join us in a deep dive into the FFIEC’s guidance on the outsourcing process and due diligence.

  • Learn the basics of the EU’s GDPR and the risks that it might pose to credit unions. Learn how the GDPR is influencing state privacy legislation across the country, including a broad statute in California. Find out what is on the horizon for state and federal privacy legislation.

  • Energize for the second half of the day and build stronger connections with your peers from credit unions across the country.

  • Building a culture of compliance in your organization is crucial to minimizing risks. Compliance issues can not only divert significant time and resources away from your core mission, they can cause you to go out of business altogether. Review NCUA expectations for Compliance Management Programs and systems.

  • Gather information from multiple credit unions as they discuss their compliance management programs and systems and why their structure and design works for them. Review takeaways to supplement your current practices.

  • Review the legal issues that create compliance challenges around lending to nontraditional borrowers, including immigrants, borrowers employed by the gig economy or marijuana-related businesses, nontraditional wage earners, and those with non-traditional credit histories.

  • The rule for the new Truth-in-Lending/RESPA Integrated Disclosures (TRID) has been in effect for a while now.  Although credit unions may understand the requirements, there are lapses in procedures. Mistakes will be made at some point – so what can you do to minimize risk? Determine if credit unions will be allowed to fix its errors and what the changed circumstances and tolerance violations mean for you.

Friday, October 4

Regulatory Update & Hot Topics | Sessions start at 8:30 a.m. and end at noon
  • 7:30 a.m. - 8:30 a.m.

    Start your day with hot breakfast, and the opportunity to build stronger connections with your peers from credit unions across the country.

  • Hear from members of NAFCU’s Regulatory Affairs team as they provide an update on recent Bureau of Consumer Financial Protection (BCFP) and National Credit Union Administration (NCUA) guidance, rules and regulations. The team will also give you an update on other expected regulatory action that will affect your credit union.

  • TCPA Update
  • TBD - Hot Trending Topic
  • TBD - Hot Trending Topic

NCCO/NCRM - 24 Credits

This is a tentative schedule, subject to change as the program develops. Check back closer to the conference for specific session times.