Tuesday
Dec 5
2017

Conducting a Collections Risk Assessment

Registration Options & Pricing

Please select your membership status.


Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available six business days following Live date
  • Available for 6 months following Live
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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Tuesday, December 5, 2017

10:00 am – 11:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

When financial institutions think of conducting a risk assessment, they most often think of hot-button issues, such as BSA and cybersecurity. However, many institutions ignore the major operational risk that is most likely to drive accountholders to a consumer rights attorney – collections! No area of operations has seen the increase of risk like collections. From increased regulatory scrutiny to alarming litigation, this once-stable area has become a storm. The potential for fines, penalties, and legal damages has never been higher.

How are you managing hidden collections risks? There are complex compliance issues, including lending regulations, UDAAP, third-party collections, and privacy. Do your collectors know the landmines? Are they prepared? Are you? This important session will teach the basics of creating and conducting a collections risk assessment to identify and address potential issues before they cause harm.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • Conducting a collections inventory
  • Understanding risk measurement
  • Calculating the likelihood of negative events
  • Identifying third-party risk areas in collections
  • Five-step guide to performing a risk assessment

  • TAKE-AWAY TOOLKIT
    • Collections examination guidance
    • Third-party risk guidance
    • Sample collections inventory
    • Collections risk assessment matrix
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

RELATED WEBINAR STILL AVAILABLE!

"Reporting Member Credit & Effectively Managing Credit Disputes"
Wednesday, June 14, 2017

WHO SHOULD ATTEND?

This informative session is designed for executives, senior management, compliance staff, vendor management personnel, collectors, internal auditors, audit committee members, and anyone involved in risk management, collections, or loan servicing.

PLEASE NOTE: Program content is subject to copyright and intended for your individual financial institution’s use only.

MEET THE PRESENTER

Reed & Jolly, PLLC
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We provide credit union webinars on compliance, lending, regulations, security, operations, new accounts, collections, fraud, security & other topics. For more information on credit union education and online training opportunities, join our mailing list.