Program Overview
The Introduction to Consumer Protection School (ICPS) is a course for pre-commissioned compliance examiners. It includes an overview of the key lending related consumer protection laws and regulations and compliance examination procedures.
Skills Taught
By the end of this course, students will have been taught how to:
- Evaluate bank’s compliance with key lending regulations.
- Identify potential and actual consumer harm in a bank’s lending practices.
- Validate if an actual violation exists through discussion with management and EIC and through the use of examiner tools.
- Draft a violation that includes the required eight elements.
Duration and Format
This course contains:
- 12 hours of Pre-course online computer based instruction (CBI)
- 2 weeks of Facilitated classroom discussion/lectures
- Live demonstration of examiner tools (e.g., Escrow Calculator, APR Tool)
- Small group activities
- In-class case study
Level and Credits
Basic
Continuing Education Unit (CEU): 7.0
Continuing Professional Education Unit (CPE): 84.6
Target Audience
FDIC participants should attend in accordance with the parameters outlined in the Examiner Training and Development Policy. State Banking Authority participants should have one to two months of experience in compliance examinations. This course is open to appropriate staff of the FDIC and partner government regulatory agencies. This course is not open to the public or staff of private banks.
Prerequisites and Prior Work Experience
There are no work experience prerequisites for ICPS. ICPS uses a ‘just-in-time’ training approach to introduce a participant to new skills and provides them with practice opportunities, just before they apply the skills in the field through on-the-job (OJT) training.
Pre-Course Assignment
The items below constitute the pre-course assignment. The pre-course assignment is due in general two weeks/11 business days prior to the start of the session. The exact date the work is due for any given session is specified in the pre-course information sent approximately two months prior to the start date. Prior to attending the workshop, participants are required to complete and submit the following pre-course assignments:
- Complete several computer based instruction modules
- Read a brief regulation overview for each regulation taught in ICPS.
Post Course Feedback
A Participant Summary Form (PSF) documenting each participant's learning will be completed by an instructor with input from the participant. The PSF will be provided to the supervisor approximately 30 days after the session ends. Specifically, the PSF will address each participant's technical and analytical skills as well as their communication skills (including oral, written, and professional behavior).
Key Topics
- Interviewing
- Prepare for and present violation findings to bank management (simulation with table group instructor).
- Violation Write-up
- Prepare a Level 2 or Level 3 violation write-up and include the applicable write-up elements.
- Flood Insurance
- Analyze the various Flood Disaster Protection Act elements, including flood determination, notice, and amount of insurance requirements, to complete a loan review and identify bank error.
- Equal Credit Opportunity Act
- Analyze the various Equal Credit Opportunity Act (ECOA) elements, including application, monitoring information, and appraisal requirements, to complete a loan review and identify bank errors.
- Homeowners Protection Act
- Analyze the various Homeowners Protection Act (HOPA) elements, including disclosures and mortgage insurance requirements, to complete a loan review and identify bank errors.
- Truth In Lending Act
- Analyze the various Truth in Lending Act (TILA) elements, including general disclosure, finance charge, annual percentage rate, and right of rescission requirements, to complete a loan review and identify bank errors.
- Analyze the various TILA closed-end elements, including adjustable rate mortgage loan and higher priced mortgage loan requirements, to complete a loan review and identify bank errors.
- Analyze the various TILA open-end elements, including disclosure content and timing requirements, to complete a loan review and identify bank errors.
- Real Estate Settlement Procedures Act
- Analyze the various Real Estate Settlement Procedures Act (RESPA) elements, including disclosure and escrow account requirements, to complete a loan review and identify bank errors.
- Truth in Lending/Real Estate Settlement Procedures Integrated Disclosures
- Analyze the Truth in Lending/Real Estate Settlement Procedures Integrated Disclosures (TRID) rule elements, including disclosure timing, fee slotting, and fee tolerance requirements, to complete a loan review and identify bank errors.
- Analyze the TRID rule elements, including the Adjustable Interest Rate Table, Projected Payments Table, Loan Terms Table, and Loan Calculations Table requirements, to complete a loan review and identify bank errors.
More Information
For information regarding administrative policies such as complaints and refunds, please contact Corporate University, Attn: NASBA Representative Ava Livas, Room A-3025, 3501 North Fairfax Drive, Arlington, VA 22226 (703) 562-2463.
The Federal Deposit Insurance Corporation is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org
The Federal Deposit Insurance Corporation (FDIC) is accredited by the International Association for Continuing Education and Training (IACET) (www.iacet.org). The FDIC complies with the ANSI/IACET Standard, which is recognized internationally as a standard of excellence in instructional practices. As a result of this accreditation, the FDIC is accredited to issue the IACET CEU.
For more information concerning course content and administration, please contact Joseph Ibarra or Sonya Staples.