This is the final installment of my series of blogs covering the sessions I attended at this year’s American Banker’s Association (ABA) Regulatory Compliance Conference (RCC) in New Orleans.
This was a high level session that included a brief overview of the new Loan Estimate and Closing Disclosure. I believe that the biggest takeaway; however, was related to the implementation planning of this monster! The panel indicated that financial institutions must build a “long runway” for completion and implementation of the integrated disclosures project. August 2015 sounds like a long time from now but there’s a lot to do between now and then. Training, systems, software, forms, policies, procedures, testing, resources, documentation and much, much more!
Will you be ready?
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar, or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups, and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports related!