Who We Are: We are a multi-faceted Credit Union firm serving and consulting with Credit Unions across the US for the last 30-years. Our success comes in part from knowing Credit Unions better than other providers. Through our programs we share the risk; and do not sit on the sidelines and merely cheer you on.

 

Compliance Counsel: We developed an outsourced compliance adviser/counsel option to provide counsel to Credit Unions on a day-to-day basis where the services are not based on an hourly fee; and access is unlimited. Since we work on a community concept of participating Credit Unions the risk is spread; and there is never the disincentive of hourly fees for calling/posing/submitting any covered matter. In most cases we are simply the alternative to in-house counsel.

CUPP: We developed “Credit Union Policies and Procedures” (the “CUPP system” Email us for the 26-page table of Contents to Assess the scope of these resources) to provide a pooled system for compliance resources where Credit Unions share the costs of participation. Through these resources we keep Credit Unions up to date on all federal laws, Regs and other government requirements.

Bankruptcy; Collections and Foreclosure: Bankruptcy, Collections and Foreclosure.  The litigation practice group of the firm is experienced in handling all aspects of the bankruptcy, collections and foreclosure processes.  In bankruptcy cases, we are available to object to plans, file proofs of claims, obtain reaffirmation agreements, dispute lien avoidance motions, attend meeting of creditors, and handle adversary proceedings.  Collections representation primarily involves claim and delivery (or replevin) matters, judgments on deficiency balances, overdrawn accounts and unpaid notes, and includes repayment settlements and Confessions of Judgments.  The foreclosure practice includes deeds in lieu, short sale negotiations, and Writs of Ejectment post-sale. 


Education:
Our staff has been on the staff of CMG, CUNA, ACUIA and other trade groups (including over 40 Leagues) over these 28-years; and have evolved a web-based series of training that covers Credit Unions’ required legal/compliance training as well as many hands-on practical areas based on our day-to-day interactions. See other content on this site for details.

Audit: We provide a range of compliance / legal audit options to help Credit Unions assess where they have weakness; and then direct the Credit Union on corrective action to put our Credit Unions into the best defensive position. Unlike competitors, our assessments are conducted by and under the direct supervision of lawyers; meet and exceed regulatory guidelines; and do so at a cost that is far less than what others charge.

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WebEx Sessions - Sunday, October 30, 2016

November WebEx Training Sessions 



Register at:  https://sherpyjones.webex.com

Cost for Non-Full Retainer or Non-“Plus WebEx Client” = $75 for Other Client; $95 for Non-Client. All sessions are set for 2:00 PM EST, but are recorded to allow for viewing at any time if you cannot make the set time. Just email us to request any of our 110+ recorded sessions: rts@sherpy-jones-law.com.





November 2 -- HMDA Changes -- Part II: 1- Hour Estimate. In 2010, Dodd-Frank gave HMDA (Reg. C) rulemaking authority to CFPB, and in October, 2015, CFPB issued a new final rule requiring institutions to report additional information under HMDA. These new rules for HMDA reporting will be effective January 1, 2018. In the first session, the class will review whether the CU meets the definition of an “institution” that must comply with HMDA. In this session, we will also define a “covered loan” for HMDA reporting purposes and discuss reporting requirements. The second and third sessions will cover new disclosure requirements and the added data points that will be required to be reported. Presenter: Christy Jones Password: data.

November 7 -- Freaked Out About Navy Federal Credit Union’s CFPB’s $28.5 Million Dollar Consent Order? 1- Hour Estimate. On October 11 CFPB published a Consent Order requiring Navy Federal Credit Union. In this session we will analyze what NFCU did that caused the problems noted in the consent order. We will also talk about what Navy failed to do that would have provided a level of protection. Further, we will discuss standard Credit Union lien rights, proper collections practices and issues related to this matter you should assess to ensure you do not have similar exposures. I will also discuss considerations on forms assessments and training for the collections area of your Credit Union. Presenter: Todd Sherpy Password: gaius

November 9 -- HMDA Changes -- Part III: 1- Hour Estimate. See above November 2 description. This is part 3 of this three part series. Presenter: Christy Jones Password: report

November 16 -- Skiptracing and Locating Collateral: 1- Hour Estimate. This session will discuss ways to locate your members who have "skipped" town and ways to locate collateral that has gone missing. We will discuss software, websites, and various public records to locate your defendant/member/collateral. Presenter: Christy Jones Password: public

November 17 -- Commercial Series IV – Errors 2016:  45-Minute Estimate. In this session we will address common oversights and errors noted in our overall work with our client base in 2016, why these errors are worthy of consideration and how to address / fix them so your Credit Union does not have the same exposures. Presenter: Todd Sherpy Password: octavius

November 21 -- Annual “Tis the Season to Commit Fraud Session” 1- Hour Estimate. This session will discuss the issues Credit Unions face every day, but which seem to become exacerbated during the Fa-La-La Season. We will address common frauds, unauthorized activity and Credit Union versus Member Liability issues together with legal/regulatory requirements and other considerations. Further, we will address various CFPB and UDAAP considerations and how to best position your Credit Union in the era we now live in. Presenter: Todd Sherpy Password: augustus