Wolters Kluwer Compliance Solutions hosts Limited English Proficiency banking webinar

Rhea-AI Summary

Wolters Kluwer Compliance Solutions announces a regulatory compliance webinar, titled "A Roadmap for Limited English Proficiency (LEP)," featuring Timothy Burniston and moderated by Darren Welch. The event is scheduled for May 24, 2-3 pm EDT, and aims to address the complexities and compliance measures of offering banking services in non-English languages. This session is part of a series ahead of the 26th annual CRA & Fair Lending Colloquium in Las Vegas from November 13-16. Wolters Kluwer is a leader in risk management and compliance solutions for financial institutions.

Positive

• Wolters Kluwer is a leader in regulatory compliance solutions.
• The webinar addresses crucial compliance issues regarding LEP services.

Negative

• There are significant uncertainties banks face in operationalizing LEP strategies.

Second of several special-topic regulatory compliance webinars features Wolters Kluwer’s Timothy Burniston, Skadden Arps’ Darren Welch

MINNEAPOLIS--(BUSINESS WIRE)-- Wolters Kluwer Compliance Solutions’ Timothy Burniston, Senior Advisor, Regulatory Strategy, will lead a regulatory compliance webinar with moderator Darren M. Welch, Counsel, Skadden, Arps, Slate, Meagher & Flom LLP, “A Roadmap for Limited English Proficiency (LEP).” The complimentary event will take place 2-3 pm EDT on Tuesday, May 24.

Joining Burniston and Welch in this panel discussion are Sara J. Erickson, Vice President, Fair & Responsible Banking Program Manager, U.S. Bank, and Dave Rosamond, Executive Director and Assistant General Counsel, JPMorgan Chase & Co. Darren Welch will moderate the session.

Serving banking customers in non-English languages is generally viewed as a positive development for all participants. However, there are many uncertainties for banks to consider in properly executing on an LEP strategy, including determining to what extent such services and product offerings can be operationalized. Session participants will review the requirements and risks around LEP offerings and then dive into some regulatory guidance issues and specific compliance measures related to non-English language support. This session will seek to answer financial institutions’ most pressing questions around LEP product and service offerings.

This session marks the second in a series of “pre-Colloquium” complimentary educational webinars featuring in-depth discussions around fair lending topics of great interest to lenders, regulators and fair lending advocates. The 26^th annual CRA & Fair Lending Colloquium, hosted by Wolters Kluwer Compliance Solutions, will be held between November 13th and 16th at Caesars Palace, Las Vegas.

Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, 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.

Wolters Kluwer’s GRC division provides an array of expert solutions to help financial institutions manage regulatory and risk obligations. Wolters Kluwer Compliance Solutions’ CRA Wiz and Fair Lending Wiz, for example, help financial institutions manage cost and risks while managing their CRA and fair lending compliance obligations. Compliance Solutions’ eOriginal® suite of purpose-built, digital lending offerings helps lenders digitize their transactions and features electronic signatures, collateral authentication and an electronic vault. Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in the provision of integrated regulatory compliance and reporting solutions. The division’s legal solutions businesses are Wolters Kluwer CT Corporation and Wolters Kluwer ELM Solutions.

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 (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2021 annual revenues of €4.8 billion. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220510005051/en/

Media Contacts for Wolters Kluwer GRC

(Including Wolters Kluwer Compliance Solutions; Wolters Kluwer Finance, Risk & Regulatory Reporting; Wolters Kluwer ELM Solutions, and Wolters Kluwer CT Corporation):

Paul Lyon

Senior Director, Global Corporate Communications: Global Marketing, Communications & Planning

Governance, Risk & Compliance Division

Wolters Kluwer

Office +44 20 3197 6586

Paul.Lyon@wolterskluwer.com

David Feider

Corporate Communications Manager, Banking & Regulatory Compliance

Governance, Risk & Compliance Division

Wolters Kluwer

Tel: +1 612-852-7966

David.Feider@wolterskluwer.com

Source: Wolters Kluwer

FAQ

What is the date and time for the WTKWY regulatory compliance webinar?

The WTKWY regulatory compliance webinar will be held on May 24 from 2-3 pm EDT.

Who are the speakers for the WTKWY compliance webinar?

Timothy Burniston will lead the session, moderated by Darren Welch, with panelists from U.S. Bank and JPMorgan Chase.

What topics will be covered in the WTKWY webinar?

The webinar will cover compliance measures, requirements, and risks related to Limited English Proficiency (LEP) services.

What is Wolters Kluwer’s role in the financial sector?

Wolters Kluwer provides risk management and regulatory compliance solutions to U.S. banks, credit unions, and insurers.