Experts from Wolters Kluwer’s Compliance Solutions business will discuss regulatory compliance developments and their implications for U.S. lending institutions at two major banking association conferences in March.
Thomas Grundy, Senior Director, CMS and Regulatory Consulting, U.S. Advisory Services, will share perspectives on conduct risk in a workshop at the annual Independent Community Bankers of America® national convention, ICBA LIVE® 2020, March 8-12 in Orlando. Grundy will also present insights on the recently updated Unfair, Deceptive and Abusive Acts and Practices (UDAAP) standard at the Consumer Bankers Association’s CBA LIVE 2020 national conference, March 23-25 in San Diego.
Principal Regulatory Strategist and Senior Advisor Timothy R. Burniston will moderate a CBA LIVE panel discussion focusing on best practices for banks to employ in fostering cross-collaboration for their Community Reinvestment Act and fair lending analytics activities. Session panelists will include Wolters Kluwer’s Britt Faircloth, Senior Regulatory Consultant, U.S. Advisory Services, along with several bank compliance executives.
“These major conferences provide a national forum for delving deeply into major regulatory compliance issues and developments that impact banks and, ultimately, their ability to effectively serve bank customers,” said Steve Meirink, Executive Vice President and General Manager for Wolters Kluwer’s Compliance Solutions. “Our experts are excited to share their insights on the most critical and far-reaching developments facing banking today, ranging from the implications for CRA modernization to the increasingly prominent role that fintech is playing in banks’ data analytics capabilities.”
Event details include:
“When conduct impacts compliance: Setting boundaries and managing consequences”
Tom Grundy, CRCM, Wolters Kluwer, presenter
When growth-oriented strategies are pursued without a robust governance framework in place, there can be significant, adverse consequences to a bank’s reputation, examination ratings and growth opportunities. Managing conduct risk is a central element in operationalizing a bank’s Compliance Management System (CMS), pushing it to the front lines of the business and incorporating it into every customer touch point. Presenter Tom Grundy will share strategies for integrating compliance management throughout one’s bank—and the potential consequences for failing to do so. Workshop at 7:30 AM Wednesday, March 17, Miami 3 Conference Room, Gaylord Palms Resort and Convention Center, Orlando.
“Cross-collaborating on CRA & fair lending analytics: Unifying voices to increase efficiency and add value”
Tim Burniston, Wolters Kluwer, moderator; Britt Faircloth, Wolters Kluwer; Staci Glenn Short, Huntington National Bank; and Lori-Anne Lawton, Webster Bank, panelists
With more data, more specialization, fewer resources and more requests, now is the time for lenders to coordinate communications and analysis to create efficiency and consistency. Compliance experts will discuss their process for collaborating across functional teams to set strategies, evaluate performance and inform internal and external stakeholders on progress to compliance goals. In this session, attendees will learn how to best coordinate across teams within one’s institution; key area of concerns for each examination; and top priorities for regulators through their data collection. Session at 1:55 PM Tuesday, March 24, Conference Room Aqua AB, Hilton San Diego Bayfront.
"Defining abusive & managing UDAAP in a digital age”
Tom Grundy, Wolters Kluwer; Eric Mogilnicki, Covington & Burling LLP, presenters
Despite its 80-year-old origins, UDAAP remains a top challenge for banks. Broad regulatory interpretation and the ambiguity of “abusive” have made it difficult for banks to institute best practices, mitigate risk and manage compliance. An ever-increasing consumer demand for speed, ease of access and efficiency leaves banks juggling critical elements of both competition and compliance. Session at 9:45 AM Tuesday, March 24, Conference Room 410, Hilton San Diego Bayfront.
Wolters Kluwer Compliance Solutions, part of the company’s Governance, Risk & Compliance division, is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks and credit unions, insurers and securities firms. The business helps these financial institutions efficiently manage compliance obligations tied to loan and deposit origination transactions and workflows, manage risk and other regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.