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E-Sign for Lending - Challenges and Solutions

This session will explain the intersection of E-SIGN and cybersecurity while providing valuable tips for educating consumers and identifying fraud.

OnDemand
Recorded Tuesday,
November 30th, 2021
Presented by Susan Costonis
1h 30m total length
2 CEU Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Deposit Accounts
  • Risk Management/Legal
  • Bank Legal Counsel
  • Bank Secrecy Act Officer/BSA Specialist
  • Commercial Lender
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Customer Service Representative
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Risk Manager
  • Security Officer
  • Trainer

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What steps must be followed to be in compliance with E-Sign? What steps should be taken to verify the customer’s identity in view of an increased risk of identity theft? This session will explain the intersection of E-SIGN and cybersecurity while providing valuable tips for educating consumers and identifying fraud.

A global information security organization reported that 85 of 100 financial institutions experienced fraud in the digital account opening process. It’s crucial that financial institutions use multilayered methods for fraud screening. Yet, consumers expect more digital access at a time that cybersecurity has become a significant threat. What steps should be taken to verify the customer’s identity in view of an increased risk of identity theft?

What You'll Learn

  • What are the rules? Learn about Federal regulations for E-Sign
  • Which lending regulations are related to E-Sign and have specific provisions for compliance?
  • Recent court cases and potential liability issues
  • How do you comply with the “delivery” requirements of Integrated Disclosures for Loan Estimates and Closing Disclosures?
  • What are “digital signatures”? What are some best practices?
  • What are the retention requirements for loan documents
  • Learn the Six-Step Process for Consumer Consent
  • Basic Steps for E-Sign Implementation
  • Tips for cyber-security and fraud detection of identity theft

Who Should Attend

This informative session will be helpful to ensure compliance with e-banking and is targeted for Compliance officers, Lending staff and Loan operations, Operations Managers, and others responsible for managing online banking, E-SIGN compliance, e-statements, and e-disclosures.

Susan Costonis

Instructor Bio

Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training.

Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and ?translates? complex regulations into simple concepts by using humor and real life examples.

Continuing Education Credit Information

Recommended for 2 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.

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