BAI, a nonprofit independent organization that delivers the financial services industry’s most actionable insights, announced a new compliance training curriculum for nonbanks. This self-paced training courseware of more than 100 courses helps financial services leaders navigate new compliance regulations through tailored learning programs that provide real-world scenarios and context to lessons.
These training solutions are available to nonbank financial institutions (NBFI), such as marketplace, online, payday and title lenders, as well money service businesses (MSB), currency exchanges and captive finance companies (CFC). Each course is designed to provide relevant and up-to-date information so nonbank employees can confidently adjust to the compliance regulations that impact their business. Leveraging these interactive, online courses helps financial services businesses better understand the latest regulatory requirements using the same BAI courseware that multiple state and federal regulatory agencies use to train their examiners.
“Our compliance training courses are designed to address real-world scenarios so nonbank leaders and employees can easily stay informed with current business and regulatory information,” said Ed Marcheselli, managing director of Learning and Development for BAI. “Nonbank financial service organizations are subject to many of the same regulatory and compliance demands as banks and credit unions. The BAI nonbank curriculum helps these organizations with the resources needed to feel more comfortable with compliance regulations.”
These nonbank courses incorporate the latest in learning techniques including interactive scenarios, microlearning, knowledge checks and more. They are part of BAI’s compliance and professional development courseware catalogs for banks, credit unions, mortgage companies and nonbanks. For more information, visit www.bai.org/training.
Courses include training on the following topics and more:
- Basic Consumer Lending
- Customer Identification Program
- Disaster Recovery
- Enterprise Risk Management
- Fair Lending
- Financial Accounting
- HMDA
- Home Equity Loans
- Identity Theft
- International Banking
- IRAs and Education Savings Accounts
- Mortgage Closing, Fraud, Lending, Origination, Processing and Underwriting
- Predatory Lending
- Regulation B
- Regulation CC
- Regulation E
- Regulation E
- Regulation Z
- RESPA
- SAFE Act
- Suspicious Activity Reports
- The Bank Secrecy Act and Anti Money Laundering