Mr. Cross has 30 years of experience in federal financial institution regulation, including with the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Federal Housing Finance Board (FHFB), and the Federal Housing Finance Agency (FHFA). He served as Director for Industry and Financial Analysis and Deputy Comptroller for Compliance Management (Policy) at the OCC; Director of Compliance and Consumer Affairs at the FDIC; Director of Bank Supervision at the FHFB; and Deputy Director and (Acting) Chief Operating Officer at FHFA. In addition to overseeing the consumer compliance supervisory programs at both the OCC and FDIC, Mr. Cross served as a member and chairman of the Federal Financial Institutions Examination Council (FFIEC) consumer compliance task force. As a member of the FHFA's Senior Executive Committee, Mr. Cross participated in the development of FHFA policy positions, including positions with respect to loss mitigation, secondary mortgage market reforms, and the oversight of Fannie Mae and Freddie Mac in conservatorship.
At Wolters Kluwer Financial Services, Mr. Cross specializes in providing pre- and post-examination assistance and strategic advice to financial institution clients. His primary areas of concentration are CRA, fair lending, consumer compliance, governance, anti-money laundering, strategic planning, and risk management. He is a widely-recognized authority on the CRA and Fair Lending. Mr. Cross was one of the principal staff architects of the inter-agency revisions to the CRA regulations, which were promulgated in 1995.
Immediately prior to joining Wolters Kluwer Financial Services, Mr. Cross was a Managing Director, Alvarez and Marsal Financial Industry Advisory Services. At A&M, Mr. Cross worked with financial institution clients to develop compliance risk assessments, prepare for examinations, and remediate examination matters requiring attention. He also advised clients on matters related to potential reform of the secondary mortgage market and compliance with the Dodd-Frank Act, including resolution planning and Federal Reserve Board supervision of Foreign Banking Organizations in the United States.
Mr. Cross earned a PhD in economics with a concentration in money, banking, and finance from the University of Virginia. He was an assistant professor of economics at Holy Cross College from 1979-1984, before beginning his career in bank regulation with the OCC in 1984.