Edcomm Banker’s Academy Updates Compliance Training Program with New Credit Card Restrictions

Dec. 3, 2010 - PRLog -- New York, NY  -- Edcomm Banker’s Academy’s Compliance training program has already been updated with the new US credit card restrictions that will take affect on Aug. 29. The Truth in Lending Act (TILA) module of Focus on Compliance was revised to include the Credit CARD Act in 2009 as part of Edcomm Banker’s Academy’s ongoing commitment to providing the most up-to-date, accurate information to the financial services industry.

The Credit Card Accountability, Responsibility and Disclosure Act, also known as the Credit CARD Act, was signed by President Barack Obama on May 22, 2009. The Credit CARD Act bans unfair rate increases, prevents unfair fee traps, requires credit card companies to give cardholders 45 days advance notice of an increase in interest rates, enforces plain sight and plain language disclosures, increases accountability, and protects the credit rights of students and young people.

Focus on Compliance, from Edcomm Banker’s Academy, is a computer-based, distance-learning program that can be delivered via Internet, Intranet or CD. The program teaches banking compliance using easy-to-understand language in an interactive, self-paced format. Focus on Compliance covers: Bank Secrecy Act (BSA), Anti Money Laundering (AML), USA PATRIOT Act, OFAC, Privacy, Reg P, Gramm-Leach-Bliley Act, Right to Financial Privacy, Sarbanes-Oxley (SOX), Reg CC & Check 21, Reg D, Reg E, Reg Z, Truth in Lending, FCRA, FACT Act, HMDA, CRA, and Bank Bribery, among many other topics. The program also includes a quick reference guide to all banking regulations, and a searchable library of reference materials.

For more information about programs like this, or to find out how The Edcomm Group Banker’s Academy can customize any training program, log onto www.bankersacademy.com or call +1.212.631.9400.

The Edcomm Group Banker’s Academy is a 23-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share - providing bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, classroom instruction, multimedia production and online and print based documentation. Edcomm Banker's Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).

The Edcomm Group Banker's Academy (www.bankersacademy.com) is headquartered in New York City with locations and representation throughout the world.

Contact:
Dr. Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza, Suite 1010
New York, NY 10001, USA
T: 212.631.9400
F: 212.631.0659
linda.eagle@edcomm.com
http://www.bankersacademy.com