Once again, Compliance Alliance has refocused their services and energies squarely on the customer's needs. In January of 2018, C/A launched the first of our monthly Back2Basics webinars – this new educational offering growing directly from member comments and requests for topic refreshers for experienced staff, but also as a training tool for incoming and new staff. They have been a hit. May's monthly webinar will be on Beneficial Ownership implementation and has, at this writing, nearly 500 registered.
Also, since the beginning of the year, C/A's Product Development Team has been hard at work building new tools in response to our member requests, but ensuring that older tools are properly updated to reflect new federal regulations and their changes. Members download nearly 500 tools on average per calendar year and show no signs of abating.
Now, some eight years after the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, it seems like a distant moment in time, but one that still is impacting us as the ever-changing regulatory environment for financial institutions keeps compliance professionals, bank staff, and bank boards busy ensuring their institutional survival while addressing federal guidelines. As it was then in 2011, Compliance Alliance continues work for both community banks and State Bankers Associations, now numbering 30 across the U.S., as we continue to adapt to the new status quo.