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Bank Compliance Training Courses

What Are The Key Responsibilities - And Difficulties - Of Bank Operations?

While banks provide essential financial services to individuals and businesses, they also face various challenges and difficulties in their day-to-day operations, including:
  • Cybersecurity threats such as data breaches, phishing attacks, and ransomware
  • Customer Expectations! Customers expect seamless, personalized, and convenient banking experiences across digital and physical channels
  • Regulatory compliance with numerous laws, regulations, and industry standards (see the list of Banking Laws below)
  • Talent Management!
  • Being aware of fraud and financial crimes such as money laundering
  • Technology! Banks need to invest in customer relationship management (CRM) systems, user-friendly digital interfaces, and omnichannel communication strategies to enhance customer satisfaction and loyalty

What Are The Main Banking Laws And Regulations In The US?

In the United States, banking laws and regulations are extensive and cover various aspects of the financial system. Some of the main ones include:
  • Banking Act of 1933 (Glass-Steagall Act):
    While certain provisions of this act were repealed in the late 1990s, it remains historically significant for establishing the Federal Deposit Insurance Corporation (FDIC) to insure bank deposits and separating commercial banking activities from investment banking activities.

  • Bank Secrecy Act (BSA):
    Enacted in 1970, the BSA requires financial institutions to assist U.S. government agencies in detecting and preventing money laundering.

  • Gramm-Leach-Bliley Act (GLBA):
    Passed in 1999, this act repealed certain provisions of the Glass-Steagall Act and allowed for the combination of commercial banking, securities, and insurance activities under certain conditions.

  • Dodd-Frank Wall Street Reform and Consumer Protection Act:
    Enacted in response to the 2007-2008 financial crisis, Dodd-Frank introduced significant regulatory changes aimed at promoting financial stability, protecting consumers, and regulating derivatives markets.

  • Federal Reserve Act:
    Established in 1913, this act created the Federal Reserve System, the central banking system of the United States, and granted it powers to regulate monetary policy, oversee and regulate banking institutions, and maintain financial stability.

  • Fair Credit Reporting Act (FCRA):
    Enacted in 1970 and amended multiple times, the FCRA regulates the collection, dissemination, and use of consumer credit information.

  • Electronic Fund Transfer Act (EFTA):
    This act, implemented in 1978 and amended several times, provides a basic framework for electronic transactions, including debit card transactions, ATMs, and direct deposits.

  • Truth in Lending Act (TILA):
    Also known as Regulation Z, TILA was enacted in 1968 to promote the informed use of consumer credit by requiring disclosures about its terms and cost.

  • Equal Credit Opportunity Act (ECOA):
    Enacted in 1974 and enforced by the Consumer Financial Protection Bureau (CFPB), the ECOA prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant receives public assistance.

  • Community Reinvestment Act (CRA):
    Enacted in 1977, the CRA encourages financial institutions to meet the credit needs of their communities, including low- and moderate-income neighborhoods.

  • Sarbanes-Oxley Act (SOX):
    Enacted in 2002 in response to corporate accounting scandals, SOX introduced regulations to improve the accuracy and reliability of corporate disclosures, including those related to financial reporting and internal controls.

  • Fair Debt Collection Practices Act (FDCPA):
    Enacted in 1977, the FDCPA prohibits abusive, deceptive, and unfair debt collection practices by third-party debt collectors.

Recommended Bank Training Courses

From BSA to SARs to Call Reports and more, the Bank Training Center offers bank compliance training courses for all of your bank regulatory and compliance needs.

Below is a list of the most-used bank compliance training topics. To see more information, simply click the applicable link.
  • ACH And Wire Transfers
    Financial Institution examiners are focusing more and more on ACH origination compliance. As such, it is imperative that you comply with the NACHA ACH operating rules. Non-compliance with ACH rules can cost you not only money, but your reputation. We provide ACH and Wire Transfer compliance training that is designed to provide you with the knowledge you need to comprehend the compliance requirements associated with processing ACH origination entries on a day-to-day basis.

    More Details: www.BankTrainingCenter.com/ACH-Training.aspAML Training



  • Anti-Money Laundering
    Banks are required to have processes that determine which transactions are potentially suspicious. Our AML compliance training courses will help you to better understand the what's, how's, and preventatative measures for money laundering, including red flags, customer due diligence, information-sharing policies, and other AML compliance areas

    More Details: www.BankTrainingCenter.com/Anti-Money-Laundering.asp



  • Bank Secrecy Act (BSA) Training
    BSA comp/iance is tough. Banks are required to have bank secrecy act training processes that determine which transactions are potentially suspicious and implement strong BSA compliance program, so click through to better understand your BSA training and reporting requirements.

    More Details: www.BankTrainingCenter.com/BSA-Training.asp



  • Call Reports
    Examiners are reviewing call report schedules in much more detail than in the past. Our Call Report training courses include Call Report instructions to help you learn the classification priorities for reporting loan information correctly. Learn when to code the loan based on borrower, when to code based on collateral, and when to code based on purpose!

    More Details: www.BankTrainingCenter.com/Call-Report-Training.asp
  • Call Report Training


  • Deposit Compliance Training Courses
    There are various federal laws and regulations relating to deposit compliance. There also are requirements for initial disclosures that must be given to new customers, periodic disclosures after the account is opened, error resolution procedures, and restrictions on advertising.

    More Details: www.BankTrainingCenter.com/Deposit-Compliance-Training.asp



  • Fraud Prevention
    Unscrupulous and fraudulent practices cost banks billions of dollars each year. In simpler times, bank robberies were just about the only security threat that banks faced. Now, bank security and fraud personnel must contend with a litany of new fraud issues, such as credit card fraud, check fraud, and identity theft. Learn bank fraud prevention techniques with our training courses!

    More Details:



  • IRA Training
    Almost everyone has some type of IRA plan, and being knowledgeable on how the rules and types of IRAs can help your financial institution garner more assets while better-serving your customers. To help, Bank Training Center offers a variety of IRA training courses, including IRA training for the types of IRA plans, some for handling IRA transfers and rollovers, and other IRA training courses on distributions and beneficiaries.

    More Details: www.BankTrainingCenter.com/IRA-Training-Courses.asp



  • Legal / Risk Management
    Whether you and/or your team need training for properly dealing with power of attorneys, safe deposit boxes, or trusts, or correctly handling accounts and assets when an account holder dies, the Bank Training Center has legal and risk management training courses for you.

    More Details: www.BankTrainingCenter.com/Legal_Risk_Management.asp



  • Safe Deposit Boxes
    Questions about self-service boxes, deceased renters, living trusts, past due boxes, Suspicious Activity Reports, and other legal, liability, and compliance topics have caused great concern and confusion for the safe deposit industry. So get trained on how to handle these issues!

    More Details: www.BankTrainingCenter.com/Safe-Deposit-Box-Training.asp



  • Suspicious Activity Reporting
    Do you know what triggers a suspicious activity report? The Suspicious Activity Report (the SAR Report) is a document that financial institutions must file with the Financial Crimes Enforcement Network (FinCEN) following a suspected incident of money laundering, fraud, or other suspicious activities. SAR Reports are required under the United States Bank Secrecy Act (BSA).

    More Details: www.BankTrainingCenter.com/Suspicious-Activity-Reporting.asp



  • Trusts And Estates
    Our specialized trust officer training and estate planning courses can give you the training you need to succeed, plus allow you to achieve estate planning certifications or designations. Bank Training Center offers customized solutions specific for your career stage, needs, and more!

    More Details: www.BankTrainingCenter.com/Trusts_Estates.asp



  • Bank Teller Training
    Everyone wants to do the best job possible - and bank tellers are no exception. BankTrainingCenter.com offers a wide array of helpful training courses that will help your tellers through a variety of situations and improve your organization's bank teller productivity.

    More Details: www.BankTrainingCenter.com/Teller-Training.asp



  • Account Management
    Have you or your Tellers take our training to learn how to open new accounts for individuals, trusts, fiduciaries; handle IRAs, signature cards, Right of Setoff, what to do when a customer dies, and more!

    More Details: www.BankTrainingCenter.com/Account-Management.asp

Bank And Mortgage Regulations

Below are bank-related mortgage compliance rules. Simply click the applicable link(s) to see more details on each.
  • HMDA Regulations And Reporting Requirements
    Implemented by the Federal Reserve through Regulation C, the Home Mortgage Disclosure Act (HMDA) requires many financial institutions to maintain, report, and publicly disclose loan-level information about mortgages.

    More Details: www.BankTrainingCenter.com/HMDA-Compliance-Training.asp



  • TRID
    TRID regulations govern the mortgage process and dictate what information lenders are required to provide to borrowers - as well as when they are required to provide it. TRID also regulates how much lenders can charge mortgage borrowers and how these fees can change over the course of the mortgage process. Our TRID compliance training courses will help you and your team to better understand the TRID rules, regulations, and guidelines, so click through to find the best TRID training course for you!

    More Details: www.BankTrainingCenter.com/TRID-Compliance-Training.asp



  • UDAAP
    UDAAP (Unfair, Deceptive, or Abusive Acts or Practices) governs how you, your tellers, and your other branch staff handle certain situations. As such, it is a must that your branch personnel and call center team know how to properly handle a complaint.

    More Details: www.BankTrainingCenter.com/UDAAP-Training.asp

Need More Infor? Details About Banking Regulations

View a list of Bank And Mortgage Regulations
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Disclaimer: This information provided is based on state laws and regulations, and is subject to change. While we make every effort to asure this information is current and accurate, it is not engaged in rendering legal or professional advice, and shall not be held responsible for inaccuracies contained herein.
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