Opening General Session

Todd Sherpy

The Top Legal and Compliance Issues Credit Unions are Facing In 2018
Todd Sherpy, Sherpy & Jones, P.A., Lexington, South Carolina

In this session we will focus on the top legal/compliance issues facing Credit Unions in 2018. We will discuss what regulators are assessing together with the broader issues of risks posed by the real world (members, attorneys and general bad guys). Amongst real day-to-day exposures often overlooked we will address: ADA Accessibility; ODP Enforcement and Litigation; Top BSA/OFAC issues; Left-overs from CFPB vs. Navy Federal Credit Union; FCRA Exposures and Risks and How to manage them; and Keeping UDAAP in mind at all times. Most importantly we will address how to mitigate risks associated with the issues discussed.

Knowledge Level: Basic
No Prerequisites or advanced preparation required
Field of Study: Management Services

About Todd Sherpy

R. Todd Sherpy is a founding partner in the South Carolina law firm Sherpy & Jones, P.A. Todd is dedicated to serving all legal needs of Credit Unions and has attained a national reputation for his legal-auditing and compliance work. The firm provides compliance auditing, training and consulting services to Credit Unions throughout the United States. Todd dedicates a large portion of his time to teaching Credit Unions, having made presentations in 40 States and participating as an instructor through CUNA & Affiliates Regulatory Compliance, Collections and Credit Counseling, Marketing, Consumer Loan Officer and Economics and Investments Schools and Conferences.  Todd is the author of CUNA’s RegTrac Compliance Modules on Consumer, Real Estate Lending, and Member Business Lending; CUNA’s White Paper on Privacy; CUNA's Guide to Compliance with Revised Article Nine; CSG’s Volunteers Achievement Program on Directors’ Liability, and many other Credit Union resources.  Todd is also the editor of the periodical “Credit Union Legal News©.” Todd is general counsel to the South Carolina Credit Union League and consults with the Georgia and North Credit Union Leagues.  After graduating with honors from the University of South Carolina School of Law, Todd worked for a United States Bankruptcy Trustee for three years. Todd is a member of the Credit Union Sub-committee of the American Bar Association and the Operations and Supervisory Committees of the Credit Union Sub-Committee.  Todd has two daughters and is married to Credit Union Executive Trisha P. Sherpy.

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