Compliance: WOW–lots of changes since last year!
The topics covered in this three-day school will provide a great foundation for ever-changing compliance issues for those new to compliance, and for the more seasoned compliance professionals who want the latest important updates on regulations.
Our special guest speaker, Woody Hodgdon, will provide an overview of regulations in a clear, simplified way, building a solid understanding of regulations and corresponding issues that affect your credit union’s operations and your members.
Part I: Lending Regulations
Tuesday, 16th - all day
- Fair Lending Regulations-Are YOU ready for a fair lending exam?
- Consumer & Real Estate Loan Regulations including new Mortgage Disclosure Improvement Act rules effective 1-30-11
- Bank Secrecy Act/Anti Money Laundering issues that apply to lending staff
- FACT Act – 311 Risk-based lending disclosures: What will we have to do to comply?
- FACT Act – New 312 disputes with Furnishers -These regulations were designed to enhance privacy, empower consumers with the necessary tools to deal with devastating problems caused by identity thieves, give consumers control over certain marketing solicitations, and curtail usage of sensitive medical information.
- SAFE Mortgage Licensing Act – Totally New!
- Regulation Z – New Requirements and Changes to both open and closed end lending including the new Credit Card Accountability, Responsibility & Disclosures Act and the Mortgage Disclosure Improvement Act requirements and new advertising rules for closed end loans.
Wednesday 17th - morning
- Regulation C – HMDA
- Regulation AA (NCUA 706 credit card rules – Unfair & Deceptive Acts & Practices) & the new Credit Card Accountability, Responsibility & Disclosures Act 2009)
- Protecting Tenants Against Foreclosure Act – New!
- Servicemembers Civil relief Act-the newest protections for Servicemembers
- NCUA’s new “payday loan alternative”: programs for credit unions-STS Loans-Will you offer them?
- The new mortgage Lending compensation: & steering rules-Do you need to make changes before 4-1-11?
Part II: Deposit & General Operations Regulations
Wednesday 17th - afternoon
- Deposit Regulations – Including new FinCEN BSA Exemption Rules
- Reg E - Massive changes
- Bank Secrecy Act – Including a review of some of the requirements from the newest 439-page FFIEC BSA examination manual
Thursday 18th - all day
- General Operations Regulations • New Truth in Savings Regulations – Including the newest requirements affecting Courtesy Pay Programs
- Family Medical Leave Act –What are the newest changes?
- Americans with Disabilities Act has been amended – Big Changes!
- Dodd/Frank – Wall Street Reform Consumer Protection Act – touch on
As always we want this class to be flexible. You will be provided with a lot of material and as a class you will have the opportunity to decide which topics you want our instructor to focus on.
Please bring a calculator and highlighter to this training.
Note: Networking Opportunity- You are encouraged to bring non-copyrighted policies, pro- cedures, and training materials you have created on any of the regulations to share with your peers! We’re all in this together!
Compliance School Instructor
Woody Hodgdon, CUCE, BSACS
Woody Hodgdon is the founder of W & D Adventures, LLC and Regulations A-Z & More. He has been a national compliance presenter for more than 17 years and recently retired from Addison Avenue Federal Credit Union after 28 years. Woody was most recently the National Compliance Manager at Addison Avenue and was located in their Loveland, Colorado Branch. Addison Avenue FCU started out serving the employees of Hewlett Packard and now serves dozens of other high tech companies. Woody spent 17 years at HP Rocky Mountain Federal Credit Union in Loveland, Colorado, which eventually merged with the other HP credit unions to form Addison Avenue FCU. Woody’s jobs included managing the collection and compliance departments. He spent three years as an agent for CUNA Mutual in northern Colorado prior to starting his management career with credit unions.
Woody has been involved in credit union management, operations, marketing, and compliance issues for more than 30 years and has also held jobs as Interim Credit Union Manager, Vice President of Operations, Branch Manager, Marketing Manager, Collection & Compliance Manager, and Senior Loan Officer.
He is a graduate of Western CUNA Management School in Pomona, California. He is a 1980’s graduate of CUNA’s Regulatory Compliance School and attends and teaches at annual update sessions.
Woody has lectured to many civic groups about bankruptcy, the Americans with Disabilities Act, financial counseling, home banking, and risk-based lending. He is a popular compliance trainer and does seminars for CUNA and credit union leagues and associations around the country and is a contributing author to CUNA’s RegTrac compliance certification program. Woody has been an instructor for CUNA’s Regulatory Compliance Schools and the CUNA Branch Operations Institute since 1993. In addition, he has done hundreds of other compliance sessions for CUNA for the Supervisory Development School, Marketing Management School, Credit Union Operations School, CUNA Management School, Consumer Lending School, Volunteers Institute, Human Resource Management School, e-Learning Schools, and the National BSA/ AML Conference.
Woody is a charter member of the National Credit Union Institute and earned the Dean’s List with highest honors designation. In addition, he has earned the professional “Credit Union Compliance Expert” (CUCE) & the “Bank Secrecy Act Compliance Specialist” (BSACS) certifications from CUNA. He has served on the board of directors of the Larimer Country Association of Life Underwriters, and the Colorado Mini Classics organization, a non profit that promoted bicycle racing for hundreds of kids aged 9–15. He has been a ski and snowboard instructor and American Sign Language interpreter and taught sign classes to ski instructors who work with physically and mentally challenged athletes in Colorado. He interprets for hearing impaired credit union members. Woody’s hobbies include scuba diving, backpacking, bicycling, running, surfing, mountain climbing, snowboarding, and any “adrenalin adventure”!