Compliance Training Program
Introduction to Consumer Protection School
Program Overview
The Introduction to Consumer Protection School (ICPS) is a course for pre-commissioned compliance examiners. It includes an overview of the various consumer protection laws and regulations and compliance examination procedures.
Key Objectives
Upon completion of this course, participants will be able 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
This is a two-week course.
Instructional Format
Pre-course work (Independent Self Study), facilitated classroom discussion/lectures, live demonstration of examiner tools (e.g., Escrow Calculator, APRWin Calculator) small group activities, and in-class project.
Level
Basic.
Target Audience
This course is designed for pre-commissioned compliance examiners who generally have one to two months of experience in compliance examinations after entering the compliance discipline.
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.
Pre-Course Assignment
The pre-course learning activities are critical to the completion of the course. The assignment consists of computer based instruction modules and independent readings. 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 will be specified in the precourse information sent approximately two months prior to the start date.
Official Time
The Division of Depositor and Consumer Protection (DCP) has authorized 12 hours of official time to complete the pre-course assignment.
Special Requirements
Participants are required to bring a laptop and a Hewlett Packard 12C Financial Calculator to the session.
Post-Course Feedback
A Summary Evaluation Form, which provides a comprehensive analysis of the participant's in-class and project exercises, is sent to the participant's field office approximately thirty days after the conclusion of the school.
Credits
Continuing Education Unit (CEU): 6.6
Continuing Professional Education Unit (CPE): 79.5
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 Anne Gruber at (703) 516-5424 or Sonya Staples at (703) 516-5870.