Tuesday, January 21, 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)
Let’s go back to the basics to avoid “hot water.” It has been 20 years since Truth in Savings (TISA) took effect, and many compliance officers are on autopilot when it comes to managing compliance with Regulation DD, often perceived as easy and system-based. However, with changes in disclosure and core processing systems as well as new products and fees, many financial institutions are finding themselves in hot water with TISA violations.
The purpose of this compliance webinar training is to take you back to the basics of Regulation DD.
In this bank webinar on compliance, we will cover:
- The principal requirements for account opening disclosures and account statements for consumer deposit accounts.
- The basics of calculating annual percentage yields,
- The penalty for early withdrawal calculations for time deposits subject to Regulation DD, and
- The hot water danger zones.
Tim Tedrick, CRCM CRP
Tim Tedrick is a partner in Wipfli’s financial institutions practice. He is responsible for public speaking, training, writing articles, and client engagement for the compliance and Bank Secrecy Act (BSA) practice. Tim stays informed of the risks and up to date with the ever-changing regulatory environment. He enjoys being a reliable resource for financial institutions while helping them meet the challenges of regulatory and operational issues.
1.0 CPE Credits & 1.2 AAP Credits