BAI launches new compliance training solutions for nonbank financial service providers
Real-world scenarios enable financial services leaders to navigate new compliance regulations
CHICAGO, IL (February 6, 2019) — 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
About BAI
As a nonprofit, independent organization, BAI has delivered the financial services industry’s most actionable insights for more than 95 years, helping leaders make smart business decisions every day. We provide in-depth, proprietary research to more than 40 of the top US banks, support more than 2,100 financial services organizations with compliance and professional development training, provide trusted, relevant thought leadership through BAI Banking Strategies reports, podcasts and webinars, and offerspecialized events and programs. For more information, visit www.bai.org.
About BAI’s Learning and Development
BAI offers comprehensive compliance training and professional development education to more than 1,800 financial services organizations, including banks, credit unions, mortgage companies and nonbank financial services organizations. More than 275,000 financial services employees take compliance and professional development training from BAI every year. In addition to training courseware, BAI offers tools such as webinars, whitepapers, regulatory update summaries and events, which help leaders stay current and better prepared to handle upcoming regulatory changes. The BAI Learning Manager, a learning management system specifically designed for the financial services industry, helps reduce the administrative impact of training management with the latest technology. BAI’s role-based courseware can save 30 percent in training time and help increase learner ROI through the latest in interactive learning design. For more information, visit www.bai.org/training.
