The LSCU Compliance and Regulatory team has scheduled two compliance webinars to fulfill training requirements mandated under regulations regarding the Fair and Accurate Transaction Act and the S.A.F.E. Act.
“We see regulatory required training topics such as BSA and robbery readily available to credit unions, but some of the other required training topics are much harder to come by,” says Laura Gober, LSCU’s vice president of compliance and regulatory services. “We wanted to offer affordable training on some of these harder to come by topics so that credit unions can meet all their annual regulatory training obligations.”
Fair and Accurate Transaction Act (FACTA) Red Flag Training will be held Jan. 27 from 10 a.m. to 11 a.m. ET. Sharon Murphy, compliance consultant with the LSCU will share what your requirements are under the FACT Act and what your Identity Theft Prevention Program should look like.
Are you in compliance with the ID Theft Red Flags Rule? The Fair and Accurate Credit Transactions Act (FACT Act) amended the Fair Credit Reporting Act and imposed additional obligations on financial institutions. The Red Flag Rule requires both Federal and State Chartered Credit Unions to implement a written Identity Theft Prevention Program designed to detect the warning signs (red flags) of identity theft in their day-to-day operations.
The registration fee is $50. Learn more here.
S.A.F.E. Act Training will be held Feb. 17 from 10 a.m. to 11 a.m. ET. Are you a mortgage loan originator? Have you completed your annual training? While the Federal registration system does not impose any continuing education requirement on mortgage loan originators, Regulation Z does.
In this one-hour webinar Sharon will cover everything you need to know as a mortgage loan originator, from what duties constitutes the requirement to register as a mortgage loan originator to when you must provide your NMLS#.
The registration fee is $50. For more information, click here.