Monday, August 17, 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)
Regulation H outlines the requirements that state-chartered banks must adhere to upon becoming members of the Federal Reserve System. This webinar will explain the membership requirements for state-chartered banks, as well as the duties expected of and privileges available to member banks of the Federal Reserve System. This comprehensive session covers all of the Reg H requirements and gives you a step-by-step guide to meeting your Regulation H requirements.
This bank webinar training is critical education for all state-chartered bank executives, board members, advisors and others and addresses:
- What is Regulation H and how does it work?
- Procedures and requirements for membership
- What is an eligible bank?
- Explanation of the process for expediting a membership application
- Requirements for establishing branches
- Reg H restrictions on loans and deposits
- Rules related to real estate lending and flood insurance
- Guidance on drafting Reg H compliant real estate lending policies
- Explanation of capital requirements
- Rules regarding securities-related activities by member banks
- Requirements when banks are not adequately capitalized
- How to register and file financial statements
- Steps for withdrawing from membership
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