About the Summit

The Operations side of the bank is facing many challenges, not only from the Dodd-Frank Act but also from aggressive consumer protection actions already pursued by federal regulators. Thus, overdraft protection programs must now comply not only with changes to Regulations DD and E but also expanded “Best Practices” guidance from the FDIC. Furthermore, litigation against banks has exposed several areas of concern, such as the security requirements and agreements with customers as to wire transfers and ACH
arrangements.

This Summit will provide an overview of recent regulatory changes, litigation of interest, as well as practical recommendations for implementation at community banks, including:

● UDAP
● Third Party Vendor Due Diligence
● Information Security
● Overdraft Protection
● BSA/AML

UDAP. Although the Dodd-Frank Act gives the CFPB authority to write new rules for “Unfair, Deceptive or Abusive Acts or Practices,” banks must not forget that the regulators already have authority under the FTC Act UDAP provision to identify and punish unfair or deceptive acts and practices. This is a “hammer” that is being used more and more. This two hour segment will review the basics of UDAP, identify recent practices targeted by regulators, and use case studies to assist attendees in understanding this
area.

Third Party Vendor Due Diligence. Whether a bank is using a third party as part of its overdraft protection program or for core data processing, it must perform an appropriate level of due diligence in selecting, managing, and monitoring the third party vendors so critical to a community bank’s success. We will review the key elements of a sound due diligence program and look at recent case studies.

Information Security. A poor program will not only create regulatory problems but will also expose a bank to potential reputation and legal risk. This segment will discuss the recent amended guidance on authentication as well as the Department of Banking’s corporate account takeover best practices bulletin.

Overdraft Protection. This segment will review recent examination issues arising from various types of overdraft protection programs as this area continues to evolve.

Employment Law Update. Recent developments in employment law will be identified and discussed, including the Dodd-Frank Act diversity requirements and recent NLRB union poster rules.

BSA/AML. We will provide a quick update on recent developments relating to changing FinCEN rules, MSBs, and other timely matters.

Hot Topics. This segment will be an opportunity to review and discuss the many emerging operational issues.

Who Should Attend? 

This Summit will benefit anyone responsible for the operations and compliance departments of community financial institutions.

Hotel Accommodations

Thank you to our sponsors: