WASHINGTON, D.C. — While the industry continues to pursue
regulatory education, the American Financial Services Association recently
introduced a compliance training program for member companies.

Powered by business partner FIS, officials highlighted AFSA
University will offer more than 260 courses on key federal financial services
laws and regulations.

The courses are Web-based and teach the facts of the
law/regulation with real-world examples. The content is tailored for both bank
and nonbank institutions and has different modules to accommodate various job
functions, including staff, management and boards of directors.

The association indicated AFSA University will be available
to all members of the association at significant savings – the reduced fees
AFSA negotiated will be passed on to the membership.

The program is expected to begin operating by the end of
this month.

 A free introductory
webinar will explain how AFSA University works, the pricing scheme, and what
member companies need to do to get set up in the system. The same webinar will
be held twice for convenience, Thursday at 3 p.m. ET and again next Wednesday
at 2 p.m. ET.

In addition, compliance training — what officials insisted
is a critical component of a robust compliance management system — and AFSA
University will be discussed during educational sessions at AFSA's annual
meeting on Oct. 22 in Washington, D.C.

For more information on AFSA University and to sign up for
the webinars, contact AFSA manager of operations compliance Alejandra Siles at asiles@afsamail.org.

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