Wolters Kluwer Compliance Solutions hosts Special Purpose Credit Program webinar

Rhea-AI Summary

Wolters Kluwer Compliance Solutions will host a webinar titled “Special Purpose Credit Programs: Everything You Wanted to Know” on April 26th, 2-3:30 PM EDT. The session, led by Timothy Burniston and featuring CFPB’s Patrice Ficklin, will cover regulatory guidance for special purpose credit programs aimed at supporting underserved communities. This event is part of a series focusing on fair lending issues. The CRA & Fair Lending Colloquium will follow in Las Vegas from November 13-16. Wolters Kluwer, a leader in regulatory compliance, reported annual revenues of €4.8 billion in 2021.

Positive

• Wolters Kluwer's Compliance Solutions is recognized as a market leader in regulatory compliance services.
• The upcoming webinar addresses vital regulatory changes and supports financial institutions in serving underserved communities, potentially opening new business avenues.
• The success of this event may enhance the company's reputation and market position in compliance solutions.

Negative

• None.

First of several special-topic regulatory compliance webinars features Wolters Kluwer’s Timothy Burniston, CFPB’s Patrice Ficklin

MINNEAPOLIS--(BUSINESS WIRE)-- Wolters Kluwer Compliance Solutions’ Timothy Burniston, Senior Advisor, Regulatory Strategy, will lead a question-and-answer 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 Know.” The event, which will take place 2-3:30 pm EDT on Tuesday, April 26th, will also include a panel discussion with Kenneth Scott, Managing Director, Citi, and Pamela Perry, Vice President, Single-Family Equitable Housing, Freddie Mac. The event will be moderated by Anand Raman, Partner, Skadden Arps.

In this two-part session, Patrice Ficklin will provide an overview of these programs and direction on recent interagency guidance. Industry experts will then provide a thorough 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 re-evaluated. The session will cover existing guidance and a discussion of how special-purpose credit programs can be combined with other efforts to expand lending to historically underserved groups.

The event is the first in a series of “pre-Colloquium” virtual events designed to delve deeply into fair lending issues that are of high 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’ iLien for Lien Management, for example, enables lenders to manage and address risks in their entire UCC lien portfolio with analytics, visibility and automation. 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/20220422005013/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

Global Corporate Communications Director

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 purpose of the webinar hosted by Wolters Kluwer Compliance Solutions?

The webinar aims to provide guidance on special purpose credit programs and regulatory compliance to support underserved communities.

When is the Wolters Kluwer webinar scheduled?

The webinar is scheduled for April 26th, from 2-3:30 PM EDT.

Who will be speaking at the Wolters Kluwer Compliance webinar?

Timothy Burniston from Wolters Kluwer and Patrice Ficklin from the Consumer Financial Protection Bureau will speak at the event.

What is the CRA & Fair Lending Colloquium?

The CRA & Fair Lending Colloquium is a conference focused on community reinvestment and fair lending, scheduled between November 13-16 in Las Vegas.

What revenue did Wolters Kluwer report in 2021?

Wolters Kluwer reported annual revenues of €4.8 billion in 2021.