Compliance University 2016

Zero Parallel is back from OLA’s Compliance University, which was held in Washington, D.C. from July 26-27.

The objective of the event is in its name. Compliance University is an informative event that provides compliance officers with educational panels so they can better safeguard their company operations.

We pride ourselves on being ahead of the curve with industry compliance, so we were very much interested in participating in the discussion, considering CFPB’s proposal, which was released less than two months ago. These were some of our key takeaways.

1) CFPB proposal prominent throughout the event

We knew going in the CFPB’s proposal would be a hot topic for discussion – and rightfully so. There’s a lot to digest and discuss. The discussions centered on a recap of what their ruling proposes and how everyone’s active participation during this comment phase is crucial.

2) OLA’s role in policing the industry

OLA focused heavily on their role in the industry, including what their responsibilites are and what they’ve been focusing on recently as an organization. This has included understanding the true effect of the proposal on all companies.

3) Roles and Responsibilites of Compliance Officers

We also had a better, more refined look into the role of individual compliance officers with a company. The focus here was on what the compliance officer’s responsibilites are and what we can do individually and collectively.

We had a lot of great takeaways and had access to a lot of valuable information. If we didn’t have a chance to meet, connect with us for one of the other events we’ll be attending, which includes OLA’s LEND360 in Chicago.