Regulatory compliance for community banks: The effects of COVID-19 on fair lending practices
The COVID-19 pandemic has caused banking institutions to respond to the needs of their customers in unique ways. With an increase in loan volume due to the Paycheck Protection Program (PPP), borrower requests for financial assistance, and refinances due to low interest rates, loan departments are seeing struggles with keeping up with many ordinary functions and procedures, including secondary reviews that may have been halted or delayed to meet loan production needs. As a result, daily compliance related processing and reviews have been negatively affected.
Join Baker Tilly for an informative discussion that will take a look at how banking institutions can remain, or become, compliant with fair lending, unfair deceptive abusive acts and practices (UDAAP), the Bank Secrecy Act (BSA), and other laws and regulations during the recovery efforts from the coronavirus pandemic and beyond.
Learning objectives
- Recognize how to evaluate internal processes, procedures and controls to better establish compliance during and after the coronavirus pandemic
- Understand the importance of enhancing compliance monitoring based on varying risk levels
- Identify best practices when establishing regulatory compliance during and after COVID-19
Who should attend?
- C-Suite executives, directors, compliance officers and lending personnel of banking institutions and their affiliates
Presenters
- Jennifer Kincel, CRCM, CBA, Senior Manager
- Kristen Stanchak, CRCM, Senior Manager
Information about CPE eligibility
There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar.
Level: Overview
CPE credit: One (1) hour total credit
Field of study: Specialized knowledge (SK)
A certificate of completion will be emailed to you four to six weeks after the event.
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