Risk & Compliance Education You Need

Now more than ever, payments risk management and compliance proficiency are critical competencies for financial institutions.

With today's rapidly changing payments environment and heightened regulatory concerns, institutions must understand and apply the foundational principles of risk and compliance management and ensure you’re protected by strong policies and procedures. If you're responsible for fraud, risk, audit, or compliance, than this is the place for you.

Education Ideal For:
  • Compliance Officers
  • Audit Professionals
  • Fraud Management
  • Risk Management




  
Compliance & Audit
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Fraud & Risk Management
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Complimentary Webinar: FTC Telemarketing Sales Rule Update

The Federal Trade Commission adopted final amendments to the Telemarketing Sales Rule (TSR) in December. These amendments define and prohibit the use of certain payment methods in all telemarketing transactions; expand the scope of the advance fee ban for recovery services; and clarify certain provisions of the Rule.
 
For the past several years NACHA has expended considerable resources to enhance its centralized risk monitoring functions and the Rules infrastructure designed to control risk within the ACH system.  NACHA’s success has in part driven bad actors to search for alternative payment methods that do not provide the same type of systemic oversight and regulatory or rules-based protections.  Because Remotely Created Checks (RCCs) are not monitored systemically (indeed, RCCs are difficult, if not impossible, for individual financial institutions to monitor as a class), fraudsters are able to use RCCs to evade the authorization requirements and strong protections that NACHA has implemented through the ACH system. The recent Federal Trade Commission rulemaking mitigates the risks posed by RCCs and place that form of payment on more of an even regulatory playing field with ACH entries.
 
In this webinar, the FTC will provide a high level overview of the Rule Amendments.

The webinar presentation is downloadable from within the recorded room.
 

SPEAKERS:

Karen Hobbs
Senior Counsel, Division of Marketing Practices, Federal Trade Commission

Moderator:
William D. Sullivan
Senior Director & Group Manager, Government & Industry Relations, NACHA - The Electronic Payments Association

Recording Link: https://nacha.adobeconnect.com/p192h93ydre?launcher=false&fcsContent=true&pbMode=normal



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