August 2024 Monthly Connection
The Monthly Connection is an interactive meeting with, and for, bankers. During the August event, Jerod Moyer updated members on the new FDIC signage rules. Specifically, that the FDIC recently updated its Frequently Asked Questions (FAQs) and made slide decks available, which include graphic examples of the “official digital sign” that must be used beginning January 1, 2025.
Take a listen:
Keep in mind, there are many additional changes to the signage requirements and this includes the need for policies and procedures. Be sure to check out our webinar, “FDIC Signs & Advertisement of Membership”, which is available now OnDemand for more information.
Kevin Edwards updated members on the “Interagency Statement on the Issuance of the AML/CFT Program Notices of Proposed Rulemaking.” While that and the term “anti-money laundering/countering the financing of terrorism” is a mouth full, there is a lot coming that will require changes to your AML/CFT program. By learning some of the basics now, you can prepare for the upcoming change management you’ll be doing.
Jerod also spoke on the agencies’ reconsideration of value guidance and contrasted it with the rules previously published for those institutions selling to Freddie, Fannie and HUD.
These hot topics were followed by a Q&A session with members and our panel of experts. The topics included ROVs, TRID, flood and more. Members also commented on some hot button issues from recent exams, which is always useful information.
The hour concluded with a talk on complaints, especially from military customers, and the importance of handling these correctly and doing so before they have to go to a regulatory agency.
Published
2024/08/26
Jerod Moyer
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!