Friday, February 7, 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)
This banking webinar is designed to be your go-to source for signature card compliance and training. We start with an overview of the basic concepts, laws, and pitfalls related to signature cards and account ownership and conclude with tips to overcome the top 10 regulatory and operational challenges. Guidance for dealing with fiduciary and complex business accounts is covered in an easy-to-follow format so that both new and experienced personnel will benefit from this informative session.
This banking webinar is designed for customer service representatives, tellers, BSA/CIP personnel, branch managers and branch administration, deposit operations, and new account personnel.
Attendees to this banking webinar will learn:
- Regulatory requirements and FDIC guidance for establishing account ownership
- The “big three” of signature card set-up
- Common errors on ownership types and how to avoid them
- How to set up signers, POAs, fiduciary accounts and business accounts
- How to add owners, change signers, and make other changes after the account is opened
- Required documentation and common pitfalls for minor accounts
- The Do’s and Don’ts of business account documentation
- Common errors to avoid when opening new accounts
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