More than 40 chief executive, audit, compliance and financial officers from commercial and community banks in New Jersey, Pennsylvania and New York attended The Mercadien Group’s seminar, “Are You Ready for TRID?,” at its offices on July 21, 2015. TRID is an acronym for new TILA-RESPA Integrated Disclosure regulations promulgated by the Consumer Financial Protection Bureau and effective October 3, 2015.
Part of its long-running series of compliance seminars and qualified as continuing professional education, Mercadien’s two-hour forum provided a comprehensive overview of the changes and new requirements under TRID, expected to significantly impact the loan operations, credit transactions, disclosure practices and customer relations of financial institutions. Specifically addressed were the coverage, deadlines, exclusions, and changes to key loan and closing documents and processes, and possible impact from compliance on financial institutions’ operations and financials.
The seminar was presented by Raji Sathappan, MBA, CRCM, CAMS, CISA, Director (pictured), and Gina Holland, MFE, CFE, Senior, and moderated by Salvatore Zerilli, CPA, CAMS, Managing Director and Practice Leader of Mercadien’s Financial Institutions Services Group. With extensive experience in the banking and regulatory compliance sectors and a proactive, best-practice approach, the Group is dedicated to helping financial institutions manage risk, maintain compliance and increase profitability.
The Mercadien Group is a family of companies created to serve the diverse and sophisticated needs of clients in a capacity greater than any single organization can offer. Comprised of six distinct entities, the firm provides accounting, auditing, tax planning and compliance, management consulting, technology, wealth management, outsourcing, and investment banking services. A team of trusted advisors working together in one place, The Mercadien Group shares a broad knowledge base and creates seamless solutions that meet clients’ personal and business objectives.