Wolters Kluwer Compliance Solutions Hosts Special Purpose Credit Program Webinar
First of several special topic regulatory compliance webinars features Wolters Kluwer’s Timothy Burniston, CFPB’s Patrice Ficklin
Wolters Kluwer Compliance Solutions‘ Timothy BurnistonSenior Advisor, Regulatory Strategy, will host a Q&A session with Patrice Ficklin, Fair Lending Director, Consumer Financial Protection Bureau (CFPB), as part of a webinar, “Special Purpose Credit Programs: Everything You Wanted to KnowThe event, which will take place from 2-3:30 p.m. EDT on Tuesday, April 26, will also include a panel discussion with Kenneth Scott, Managing Director, Citi, and Pamela Perry, Vice President, Fair Trade Single Family Housing, Freddie Mac The event will be moderated by Anand Raman, Partner, Skadden Arps.
In this two-part session, Patrice Ficklin will present an overview of these programs and guidance on recent interagency guidance. Industry experts will then provide a comprehensive guide to creating such a special purpose credit program, including how to document a program, what evidence is needed to support it, and under what circumstances the plan should be reassessed. The session will cover existing guidance and a discussion of how special purpose credit programs can be combined with other efforts to extend lending to historically underserved groups.
The event is the first in a series of virtual “pre-colloquium” events designed to dig deeper into the Fair Lending issues of greatest interest to lenders, regulators and Fair Lending advocates. 26and annual ARC and Fair Lending Colloquiumorganized by Wolters Kluwer Compliance Solutions, will be held November 13-16 at Caesars Palace in Las Vegas.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services for US banks, credit unions, insurers and brokerage firms. The company, part of Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions effectively manage risk and regulatory compliance obligations, and gain the insights needed to focus on better service to their customers and the growth of their business.
Wolters Kluwer’s GRC division provides a range of expert solutions to help financial institutions manage regulatory obligations and risk. Wolters Kluwer Compliance Solutions iLink for privilege management, for example, enables lenders to manage and address risk across their entire UCC lien portfolio through analytics, visibility, and automation. Compliance Solutions’ eOriginal® of purpose-built digital loan offerings helps lenders digitize their transactions and offers e-signatures, collateral authentication and an e-vault. Wolters Kluwer Finance, risk and regulatory reporting (FRR), meanwhile, is a global market leader in providing integrated regulatory compliance and reporting solutions. The division’s legal solutions activities are Company Wolters Kluwer CT and Wolters Kluwer ELM Solutions.
About Wolters Kluwer Governance, Risk and Compliance
Governance, Risks and Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency and drive better business results. GRC offers a portfolio of expert technology services and solutions focused on Legal Entity Compliance, Legal Operations Management, Banking Product Compliance and Banking Regulatory Compliance.
Wolters Kluwer (WKL) is a global leader in professional information, software solutions and services for healthcare; taxation and accounting; governance, risk and compliance; and the legal and regulatory sectors. We help our customers make critical decisions every day by delivering expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer achieved annual sales of €4.8 billion in 2021. The group serves customers in over 180 countries, maintains operations in over 40 countries and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.