Your BFG consultant trains your compliance staff on-site and on the specific areas of the laws and regulations where they require training. We keep your staff current on all critical areas of federal consumer banking laws and regulations, delivering essential information that keeps them current and serves to sharpen your bank’s competitive edge.
We train on the complete spectrum of federal consumer laws and regulations, including:
- Bank Secrecy Act
- Right to Financial Privacy Act
- Regulation P-Privacy
- Truth-in-Lending act
- Real Estate Settlement Procedures Act
- Expedited Funds Availability Act
- Truth-in-Savings Act
- Fair Housing Act
- Equal Credit Opportunity Act
- Unfair or Deceptive Acts or Practices
- Fair Credit Reporting Act
- Home Mortgage Disclosure Act
- Electronic Fund Transfer Act
BFG clients receive unique support in the marketplace that translates into higher regulatory ratings and examinations. This means:
One-on-one Support with an Assigned Compliance Expert
This eliminates a common concern over who will be the clients “next” consultant on each visit. Each client works exclusively with an expert BFG consultant whereby a unique relationship develops with a level of comfort and familiarity. More is accomplished in less time without the usual operational and staff interruptions incurred with other service providers.
Experienced Professional Experts
BFG recruits nationally to bring our clients the most experienced compliance experts. Our consultant’s average over ten years of regulatory and/or banking experience; many having attained the industries highest accreditation being the “Certified Regulatory Compliance Manager”. BFG professionals include former bankers and regulatory experts from the different regulatory agencies.
- They possess a variety of experience in working with financial institutions of all sizes from the novo start ups to regional and money center institutions.
- They understand the workings of the regulators, the examination process and maintain ongoing relationships with them to be abreast of the regulatory changes.
This balance of both regulatory and banking experience brings the bank broad experience and a balanced prospective in addressing issues.