Lessons Learned - Recent Lending Compliance Enforcement Actions - 2019
Presented by
Jack Holzknecht and Robin Cooper
Recorded on August 28, 2019.
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2.0 hours
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What
Every month the federal financial institution regulatory agencies publish lists of enforcement actions taken against financial institutions. Enforcement actions can include civil monetary penalties, consent decrees and cease and desist orders, to name a few.
Every enforcement action tells a story of a failure to comply and the actions required to remedy the situation. Every enforcement action is a lesson to be learned by other financial institutions. The actions required to cure the problems in one institutions are the actions required in other institutions to avoid the same problem.
Rarely are the identified problems unique. The stories are repeated month in and month out. Don't be the next institution to fall into the same trap. Become aware of the problem and then look around to determine if the same problem exists in your institution. If the problem is present, then self-detection and prompt corrective action generally results in less severe penalties. If the problem does not exist, then take a few simple steps (policies, procedures and training) to assure the problem doesn't occur in your institution.
Why
This two-hour webinar is designed to make attendees aware of recent enforcement actions, the actions required in response to the action and the penalties or costs imposed with the hope that armed with such knowledge attendees can avoid similar problems. Participants receive a detailed manual that serves as a handbook long after the program is completed.
TOPICS
Recent enforcement actions include, but are not limited to:
WHO SHOULD ATTEND:
The program is designed for Loan Department management, Compliance Officers, Loan Officers, Loan Processors, Auditors, and others with responsibilities related to the origination and servicing of loans.
Jack Holzknecht and Robin Cooper
Lessons Learned - Recent Lending Compliance Enforcement Actions
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