Compliance Rules for Frontline Staff
RELEASE DATE: MAY 6, 2024ANTICIPATED DURATION: 90 MINUTES Your member-facing staff can make or break your compliance program, as
RELEASE DATE: MAY 6, 2024
ANTICIPATED DURATION: 90 MINUTES
Your member-facing staff can make or break your compliance program, as they are often the first (and sometimes the only) employees a member sees. They need to know a little about a lot. And that’s what this session provides. We’ll focus on how frontline staff can engage members and sell products without violating consumer protection laws – what you can and cannot say or ask, what disclosures must be made, and specific timeframes that must be met to preserve the rights of both member and credit union. And we’ll talk about why the rules exist, because when you need to know a little about a lot, it helps to understand the reasoning.
Topics will include:
- Account opening
- Negotiable instruments
- Bank Secrecy Act and OFAC requirements
- Fair Lending issues
MEET THE SUBJECT MATTER EXPERT:
Aux is a CUSO (Credit Union Service Organization) located in Lakewood, Colorado, near Denver. Our company has been around since 1992, originally founded to assist credit unions with shared branching and service centers. Although we have evolved over the past two decades into something much more complex and diverse, one thing remains the same: our core reason for existence. We are here to help the people “who help the people,” as the old credit union saying goes – to help credit unions help their members.
(Monday) 1:00 am(GMT-06:00)