It is staffed by professionals—former examiners & practitioners who know the real-world consequences of key compliance issues.
Individualized attention—Compliance Connection experts don't simply look up the reg & the interpretation from a compliance handbook. You get an answer based on your unique facts & circumstances. Plus, you'll learn how the regulators are looking at the issue in your part of the country.
Trusted Expertise—The Compliance Connection Hotline responds to more than 1000 calls a month—one more reason the staff is current & up-to-speed on key issues.
Renewals—98% of Compliance Connection members renew their memberships each year—a testimony to the cost/value of the service.
Stay on Top of Constantly-Changing Compliance Regulations
To guide you through the maze of compliance regulations & costly non-compliance issues, we are pleased to offer 1st Financial Training customers & members a one-of-a-kind, cost-effective compliance consulting service that responds to your specific needs.
Compliance Connection, provided by Thomas Compliance Associates, Inc. includes:
Unlimited use of the Compliance Connection Hotline. Call a toll-free number & get answers to your specific compliance questions.
A highly-regarded monthly newsletter—the Compliance Connection Newsletter—to keep your compliance officer & senior management informed about regulatory issues & trends.
The Fast Connection—a weekly service that provides up-to-the minute news about regulatory issues via fax.
Who can use the Hotline?
People from various departments within your bank can access the Compliance Connection Hotline. For example:
When your Marketing Department needs help with a new deposit product, a revised disclosure statement or an advertisement—call the Compliance Connection Hotline.
Or when a trainer needs to know the specifics about Fair Lending training—Call the Compliance Connection Hotline.
When a senior officer has a compliance question, no matter who has a question, he/she can call the Compliance Connection Hotline.
Click here to receive all the benefits of the Compliance Connection for less than $50 a month.
About Thomas Compliance Associates
A compliance service is only as strong as the compliance experts standing behind it. Thomas Compliance Associates is a group of national compliance practitioners who are in the field each day working with bankers & examiners. It's their business to know the regulations & bank regulators.
O. Tom Thomas, the founder & president of Thomas Compliance Associates, has advised CEOs, compliance officers & directors on financial regulatory issues for more than 25 years. His unique ability to approach compliance from both an operational & management view has made his expertise known & respected throughout the industry.
Tom has served the financial industry on both the American Bankers Association's Retail Payment Systems Committee & the Federal Reserve's Check Clearing Task Forces. He was chosen by the Commerce Clearing House, Inc. (CCH) to author the Bank Compliance Guide, described as the most user-friendly compliance guide ever produced.
Tom & his associates focus on the full scope of financial compliance issues, including Reg Z disclosures; BSA logging & reporting requirements; TIN compliance & IRS information returns; ARM portfolio audits; CRA; the correspondent bank requirements of Reg F, Reg CC, Reg BB & RESPA.
