Additional data needs—including requirements for reporting new or revised data fields—have translated into more points of vulnerability and additional areas for potential regulatory scrutiny for financial institutions. These trends are leading more organizations to systematically assess the role that each line of defense plays in meeting the specific challenges associated with new Home Mortgage Disclosure Act rules, increasing Community Reinvestment Act regulatory expectations, and fair lending enforcement actions.
To address these issues, Wolters Kluwer today announced that one of its leading regulatory compliance consultants, Amy Downey, will host a webinar to discuss strategies to ensure that an organization’s compliance management system is ready to capably manage the additional data requirements—as well as the significantly heightened regulatory expectations. The webinar, “Maximizing Resources to Manage HMDA, CRA and Fair Lending Data Exposure,” is being held Tuesday, June 28 at 2:00 p.m. EDT.
“Forward-looking financial institutions are evaluating the strengths and vulnerabilities in their business units, compliance and risk management departments, and independent audit functions in anticipation of increased amounts of data and revised reporting fields to determine whether they’ll be ready for the significant changes ahead,” said Downey. “This webinar will provide financial institutions with strategies for creating accountability when it comes to achieving compliance through both effective regulatory change management and CMS capabilities.”
With over 20 years’ experience in financial services, Downey combines her knowledge and expertise to help financial organizations minimize compliance and operational risks through the use of technology and improved processes. Her expertise extends to a wide variety of risk management areas, including regulatory compliance, operational process improvements, change management, remediation, training and compliance monitoring.
To register for the webinar, please visit our website.
Wolters Kluwer Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments. The division’s prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, BizFilings®, Capital Changes, CASH Suite™, CT Corporation, CT Lien Solutions, Corsearch, GainsKeeper®, LegalVIEW®, OneSumX®, Passport®, TyMetrix® 360, Uniform Forms™, VMP® Mortgage Solutions and Wiz®.
Wolters Kluwer N.V. (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 2015 annual revenues of €4.2 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 19,000 people worldwide.