Tuesday, February 11, 2020
12:00 – 1:00 pm (Eastern Time)
11:00 – 12:00 pm (Central Time)
10:00 – 11:00 am (Mountain Time)
9:00 – 10:00 am (Pacific Time)
Increasingly, national banks are replacing their paper-based consumer notices or disclosures with electronic disclosures. However, the failure to provide electronic disclosures in a proper manner can expose the bank to significant compliance, transaction, and reputation risk. This essential training course summarizes the key compliance requirements for both consumer and business accounts, and highlights the central issues to consider in developing and assessing your E-SIGN processes and controls.
Whether your institution is considering an e-signature solution or has made the switch to digital banking, this information-packed webinar explores the requirements, challenges, and implications of electronic signatures and E-Sign compliance. This session will include answers to the most frequently asked questions from small banks and non-bank companies relating to electronic signatures and E-Sign compliance.
Attendees to this banking webinar will learn:
- Legal and compliance requirements for electronic signatures
- The seven essential requirements for Business and Consumer account E-SIGN compliance
- Consumer disclosure and content requirements
- Methods for obtaining demonstrable consent
- Which deposit regulations are related to E-Sign
- Business account requirements with sample disclosures
- The types of electronic disclosures that require consumer consent
- Answers to common FAQs from banks regarding compliance with E-Sign
- Best practices to comply with the E-Sign Act
Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance. Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.
1.0 CPE Credits and 1.2 AAP Credits