Compliance Expectations for the New Administration – Recording

This two-hour information packed session will be recorded with no live attendees.  Following registration, you’ll be able to submit questions for the speakers (must be submitted by January 4th) to be answered on the recording.  Links to both streaming and downloadable versions of the recording will be delivered via e-mail on the week of January 11th.  The recording offers unlimited views and can be shared within your institution.

WHAT?

On January 20, 2021 President-elect Joe Biden is scheduled to be sworn in as President of the United States. Financial institutions are accustomed to the ebb and flow of politics on banking regulations; most notably, the last Democratic administration oversaw the implementation of the most substantial changes to bank regulations in recent history. With the recent Trump administration regulatory enforcement and issuance of new rules significantly declined. As we enter a new era with President-Elect Biden the pendulum is expected to swing again. Perhaps contributing to the swing, the Democratic Party already controls the House of Representatives. Depending on the outcome of two run-off elections in Georgia, the Democrats have the chance to complete the Blue Wave by taking control of the Senate. What do these political changes have to do with bank compliance? Changes will result from new leadership in the White House. Democratic control of both houses of Congress would ensure even more significant changes.

As the New Year unfolds there may be changes in:

• The leadership in and legislation coming from Congress; and
• The leadership and the supervisory and enforcement practices of the regulatory agencies.

WHY?

This discussion provides projections from industry experts on the direction of bank compliance issues under the new presidential administration.

Participants will receive presentation slides outlining key points during the program, which serve as a reference tool after the program.

PROGRAM CONTENT

Upon completion of this program participants understand:

• Who will likely control leadership positions in the House and Senate;
• Who will likely hold leadership positions in the:
  • Comptroller of the Currency;
  • Federal Reserve Board;
  • Federal Deposit Insurance Corporation;
  • Consumer Financial Protection Bureau;
  • Federal Trade Commission;
• The projected legislative and regulatory agenda for
  • Lending compliance issues;
    • Dodd-Frank Section 1071 – women- owned and minority-owned business reporting
    • Payday Lending
    • Fair Credit Reporting Act;
    • Fair Debt Collections Practices Act;
    • Fair Housing;
    • Community Reinvestment;
    • Rate caps;
    • Affordable mortgages
  • Deposit compliance issues
    • Overdraft rules;
    • Bank Secrecy Act and Anti Money Laundering;
    • OFAC;
    • IRAs;
  • Other banking issues
    • COVID issues;
    • True Lender;
    • Postal Banking;
    • Credit bureaus – enforcement and creation of public credit bureaus;
    • FinTech Charters;
    • Rent-a-bank issues;
• How supervisory and enforcement polices in the agencies might shift.

WHO?

The program is designed for senior management, lending management, operations management; risk management, the compliance officer and compliance department personnel, and audit staff.