Regulatory Update

Steve Gibbs, CUCE, BSACS, AVP Shared Compliance, Credit Union Resources, Inc.

Although we haven’t quite reached the end of 2018, the need to plan for the upcoming year is rapidly approaching.  Compliance is no longer an “only child”; it has become part of the “Risk Management” family.  Risk Management/Compliance professionals must be wary of ever growing regulatory benchmarks and trends that are being added by various regulatory agencies.  The following items continue to show up on our radar:

  • Regulatory Landscape
  • Elements/implementation of S. 2155 (the Relief Act)
  • CECL!
  • BSA/OFAC issues and concerns
  • Fair Lending
  • Senior Abuse
  • UDAAP – Unfair and Deceptive Acts and Practices
  • ADA Website Compliance
  • Risk Management
  • Other timely issues...

This session is designed for the benefit of Officers and staff involved with all elements of Risk Management and Compliance issues.  Participants will take away a summarized perspective of the concerns and issues associated with these items as well as the benefit of discussion as to how they are/may be affected.

About Steve Gibbs

Steve Gibbs is Assistant Vice President, Risk Management and Compliance Services (RMCS), formerly Shared Compliance, a program he developed and launched in 2006 to provide compliance consulting and support to credit unions in the form of a “time share” format.  Looking to the future, Steve and his team took an exciting step in 2018 to incorporate Risk Management by adopting a state-of-the art program and diversifying the number of products available to clients moving toward even more effectiveness and efficiency. RMCS is a division of Credit Union Resources, Inc. and the Cornerstone Credit Union League (CCUL).   

In addition to his own clients, Steve manages a group of experienced consultants with professional expert certifications. They have provided a variety of risk management and compliance services for numerous clients located in over 6 states.

 Steve’s 30+ years in the financial industry includes positions with the Federal Reserve Bank of Dallas, the Federal Home Loan Bank of Dallas (later to become the Office of Thrift Supervision - “OTS”), and the Federal Deposit Insurance Corporation (FDIC), earning professional designations and awards. His experience includes conducting compliance examinations, financial/credit analysis, training regulatory and industry professionals, asset/collateral management and handling Congressional and Freedom of Information Act inquiries.  Steve holds CUNA’s Credit Union Compliance Expert (CUCE), Bank Secrecy Act Compliance Specialist (BSACS), and Credit Union Enterprise Risk Management Expert (CUERME) certifications.  His past positions at CCUL included serving as Director of Southwest CUNA Management School and Information Central, as well as Governmental Affairs Lobbyist/Legislative Analyst.  His presentations and training has included financial industry services and groups such as SWACHA (now E-pay), the Texas Credit Union Department, EPN/The Clearinghouse, the National Association of State Credit Union Supervisors (NASCUS), including leagues/associations in Arizona, Arkansas, California, Colorado, the Dakotas, Florida, Illinois, Kansas, Kentucky, Louisiana, Oklahoma, Maine, Mississippi, Nebraska, New Hampshire, New Jersey, New York, Tennessee, Vermont, and his home state, Texas. In addition to public speaking, Steve has written articles for regional and national industry publications in addition to compliance blogging and providing magazine articles for Cornerstone.

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