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U.S. Office of the Comptroller of the Currency leader headlines Wolters Kluwer’s 26th annual CRA & Fair Lending Colloquium
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Rhea-AI Summary
Wolters Kluwer Compliance Solutions is hosting the 26th annual CRA & Fair Lending Colloquium from November 13-16 at Caesars Palace, Las Vegas. Keynotes from Michael J. Hsu, Acting Comptroller of the Currency, and James Ballentine, public policy expert, will address fair lending and CRA compliance challenges. The event highlights significant regulatory updates including the modernization of CRA regulations, aiming to enhance equitable access to credit. Attendees include regulatory experts, compliance officers, and industry leaders.
Positive
High-profile keynotes from regulators focused on pressing compliance issues.
Opportunity for attendees to gain insights into regulatory changes affecting fair lending.
Focus on modernizing CRA regulations, reflecting changes in the banking industry since 1995.
Engagement from a wide range of regulatory experts and industry leaders.
Negative
None.
Acting Comptroller of the Currency Michael J. Hsu, along with policy consultant James Ballentine, to present keynotes exploring fair lending issues
Michael J. Hsu, Acting Comptroller of the Currency for the U.S. Office of the Comptroller of the Currency (OCC), will present his keynote on Monday, November 14. James Ballentine, a longtime public policy and government affairs expert who is founder and CEO of Ballentine Strategies, will present his keynote on Tuesday, November 15.
This year’s Colloquium features top U.S. regulators and other leading regulatory compliance experts exploring in-depth fair lending and Community Reinvestment Act (CRA) issues—as well as other related and trending regulatory developments—in a series of panel discussions and presentations. A topic of special attention this year will center on the recent Notice of Proposed Rulemaking to modernize CRA regulations to better reflect significant changes in the banking industry since the last major revision to the regulations in 1995.
Hsu leads the OCC’s efforts to ensure its regulated institutions provide fair and equitable access to credit and services. He will elaborate on the OCC’s examination, supervision, and enforcement priorities and discuss how the agency addresses discriminatory lending practices to ensure compliance with fair lending and other customer protection laws.
James Ballentine’s presentation, “Signals to Watch: Why the 2022 Midterm Elections Matter for CRA, HMDA and Fair Lending Compliance,”will look at the U.S. midterm election results and changes that are likely to impact the legislative and regulatory landscape, particularly those pertaining to the CRA and fair lending.
Joining the keynoters as featured speakers presenting insights and updates at this year’s Colloquium are Eric Belsky, the Board of Governors of the Federal Reserve System; Mark Pearce, Federal Deposit Insurance Corporation; Grovetta Gardineer, OCC; Jon Seward, U.S. Department of Justice; and Patrice Ficklin, Consumer Financial Protection Bureau. Along with these presenters, bank CRA and fair lending compliance officers, federal regulators, attorneys, community group representatives, and other industry experts will speak at this year’s Colloquium.
“For more than two decades, the Colloquium has provided U.S. bankers an incredible opportunity to hear directly from regulators and industry leaders about the most pressing implications around regulatory compliance developments in fair lending and CRA for their institutions,” said Timothy R. Burniston, Senior Advisor, Regulatory Strategy at Wolters Kluwer. “Given the increasing scope and complexity of regulatory change—including significant changes proposed for the CRA regulations and examination framework, and initiatives such as the forthcoming final Dodd Frank Section 1071 small business lending data collection rules —attendees will come away better informed and prepared to manage these complex issues.”
Since its inception in 1996, the Colloquium has become the most prominent forum for bank and credit union compliance officers, state and federal banking regulators, risk managers, consultants, vendors and other industry players seeking deep insights on fair lending and CRA issues as they navigate increasingly complex regulatory and risk management challenges facing financial institutions today.
“The Colloquium continues to bring together a range of expertise, viewpoints, and depth on key regulatory compliance issues facing U.S. banks and credit unions,” noted Steve Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. “We are pleased and honored to have these top regulatory compliance experts contribute their insights at this year’s Colloquium and look forward to spirited discussions around these critical topics.”
Wolters Kluwer Compliance Solutions 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, which sits within Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business. Compliance Solutions’ CRA Wiz and Fair Lending Wiz help financial institutions address costs and risks while managing their CRA and fair lending compliance obligations.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance, and legal sectors. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,800 people worldwide.
