1. Latest Updates: COVID-19 and Compliance

Latest Updates: COVID-19 and Compliance

Banking compliance expert Lisa Zigo will share the latest information from federal regulators. You will learn how to adapt to the compliance challenges and flexibility resulting from COVID-19.
Event ID: 2264310
Date: Recorded on Monday, April 20, 2020
Duration: Scheduled for 90 minutes including question and answer period.
Presenter: Lisa Zigo, banking compliance expert
Credits: Live webinar approved for 1.5 NASBA credit hours (Management Services)

Latest Updates: COVID-19 and Compliance - Which Rules are Flexing and Which are Not?

In this surreal pandemic, financial institutions are working tirelessly to manage through significantly elevated risk and disruption in operations. Fortunately, regulators have temporarily relaxed some rules.

You need to understand the compliance considerations around the actions you are taking to accommodate customers and employees, such as:

  • Payment accommodations on loans
  • Access to accounts and safe deposit boxes with most lobbies closed
  • Reporting to credit bureaus to minimize negative impact on credit scores
  • More new exceptions that arise daily

Knowing the latest rule changes will enable you to prioritize and adjust activities that have the greatest ability to help your customers while protecting your institution.

  • What disclosures are needed for payment deferral programs?
  • How should you adapt reporting to credit bureaus to help consumers?
  • What regulations have been relaxed due to the pandemic?
  • What rules remain in place and deserve special attention?
  • What coronavirus scams are circulating?

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