Review the evolving compliance strategies of the Biden administration and regulatory responses to the COVID-19 recession. Recorded Aug. 28, 2021.
Appropriate implementation of COVID-19 relief measures under the CARES Act and state analogues, such as forbearance programs and foreclosure moratoriums, will be a continued area of focus by federal and state regulators, with an increase in enforcement actions for deficiencies likely to follow. In addition, the CFPB and the bank regulators have been expanding responsibilities for financial institutions, with an emphasis on fair access and inclusion in banking. In this environment, what do banks need to know about issues like consumer fair lending, NSF/overdrafts, and credit reporting? Further, what other developing compliance hot buttons are there that banks should be aware?
