Compliance Connection Conference
In partnership with the Missouri Credit Union Association
Tuesday, July 15
| 8:30 a.m.|| Breakfast|
| 9:00 a.m.-Noon|| Topic: Commercial Collections|
| Noon-12:45 p.m.|| Lunch|
Topic: Compliance Risk from Examiner's Perspective | Vendor Due Diligence
Wednesday, July 16
| 8:30 a.m.|| Breakfast |
| 9:00 a.m.- Noon|| Topics: Update on Mortgage Regulation Amendments | UDAAP Update|
| Noon-12:45 p.m.|| Lunch|
| 1:00-5:00 p.m.|| Topics: 1099 Issues | Social Media Guidance|
Thursday, July 17
| 8:30 a.m.|| Breakfast|
| 9:00 a.m.- Noon|| Topics: Liability Protection | Dodd-Frank Act | CFPB in Charge|
| Noon- 12:45 p.m.|| Lunch|
| 1:00-5:00 p.m.|
Topics: Commercial Relationships | BSA & OFAC | NCUA's Top 10 in 2014 | Policies & Procedures
This session will cover monitoring loans/business organizations, loan documents needed for the most successful collections prospects, UCC treatment of different types of collateral requiring different actions to perfect security interests and ECOA applicability. We will also discuss various ways to enter into negotiations with member businesses, including the pre-negotiations letter, forbearance agreements and environmental issues with collateral.
Compliance Risk from Examiners’ Perspective
Examiners love to ensure that credit union decision makers "show their work." Learn how to develop proper risk assessments and why it is vital that risk assessments be dynamic. The scope and amount of control instituted by the credit union should be in direct proportion to the results of the risk assessment.
Vendor Due Diligence
Examine possible risks associated with vendor relationships and learn what to do about those risks, including developing a dynamic risk assessment program. We will discuss establishing and maintaining a full vendor due diligence program, including tips and tricks for dealing with vendors before entering into contracts. Participants will learn common traps for the unwary and boilerplate language to avoid in contracts.
Mortgage Regulation Amendments
Effective January 10, 2014, portions of the Dodd- Frank Act have greatly affected how creditors service mortgage loans. The new rules require not only that credit unions or their servicers quickly communicate with delinquent borrowers, they also require certain notification of foreclosure alternatives, direct access to servicing personnel, a fair review process and early warnings before interest rates adjust. Learn the new rules and discuss probable areas of concern and confusion in the implementation of these new requirements.
We will discuss the CFPB’s guidance on the marketing of credit card add-on features. Real examples of cited violations will bring to life the sometimes nebulous concepts of when an act, omission or practice is unfair, deceptive or abusive. Participants will be able to identify trends for current red flags and possible solutions and responses.
Learn the identifiable events that require a 1099-C and how to use them in real-world situations. We will also cover record-keeping issues, how credit unions can use 1099-Cs as a collection tool and how the Mortgage Forgiveness Debt Relief Act affects creditors’ rights.
Social Media Guidance
Each credit union must decide to what extent it will use social media, using the new guidance from the Federal Financial Institutions Examination Council. Participants will gain valuable insight into the FFIEC’s position on developing, training, implementing and monitoring social media policies and procedures.
Assessing real-life occurrences and things you can do to protect yourself and the credit union.
Updating 2013-2014 real estate rules with practical insights.
CFPB in Charge
Learn how this changes the playing field now and in the future – an assessment of CFPB’s supervisory manual and steps every credit union should be taking now.
From an assessment of the most common credit union problems to a complete overview of these relationships. Also – NCUA "Hot Buttons."
BSA and OFAC
Updating obligations, credit union problems and developments including FATCA. We will also address where most credit unions fall short or "miss" on their obligations, and where they make BSA harder on themselves.
NCUA’s Top 10 in 2014
Topics change based on what is current. The speaker will have a meeting with NCUA prior to the event.
Policies, Procedures and "Polcedures"
What policies and procedures do you need and is this based on a law or regulation? Assess what your obligations really are – and where the obligations come from so you can better understand and assess where you need to place your resources – and why.
Christy Curtis Jones
Jones is an attorney
and partner with Sherpy & Jones, P.A. Jones graduated with honors from the
College of Charleston, earning a B.A. in History, and received her J.D. from
the University of South Carolina School of Law. Jones currently concentrates her
practice in the areas of creditor/debtor rights, bankruptcy, collections,
foreclosures and regulatory compliance.
She is a member of
the South Carolina Bar Association, South Carolina Bankruptcy Law Association,
and is admitted to practice before the South Carolina Federal Court, District
of South Carolina. She serves as the 11th Judicial Circuit’s Representative to
the South Carolina Bar’s Young Lawyers Division and has been appointed to the
Bar’s Committee on Professional Potential. Jones is a regular speaker at
multiple credit union leagues.
R. Todd Sherpy
Sherpy is a founding partner in the South Carolina law firm Sherpy & Jones, P.A. Sherpy is dedicated to serving all legal needs of credit unions and has attained a national reputation for his legal-auditing and compliance work. Sherpy dedicates a large portion of his time to teaching credit unions, having made presentations in 40 states and participating as an instructor through CUNA & affiliates regulatory compliance, collections and credit counseling, marketing, consumer loan officer and economics and investments schools and conferences.
Sherpy brings a unique perspective to his practice having grown up in the credit union industry and being married to a credit union executive. The credit union philosophy and practical application issues are reflected in the team’s approach to legal matters and the products that are provided for credit union use.
Location and Accommodations
106 West 12th Street
Kansas City, MO 64105
Room Rate: $124 per night
Hotel Phillips is offering discounted rates for guests that mention the Compliance Connection Conference. Discounted room rates are available until June 15, 2014 or until the group block is sold out.
| Asset Size||Discount ||On/Before June 17 ||After June 17 |
| Under $25M||75% ||$137 || $137|
| $25-$75M||30% ||$385 ||$385 |
| Over $75M||N/A ||$499 ||$549 |
Education Scholarships are Available! Apply Today!
Cancellation: There is no additional charge for substitutions at any time. Contact KCUA at least 14 business days prior to the event for a full refund, minus a $100 administrative fee. Send cancellation notice to firstname.lastname@example.org.