Wolters Kluwer Expert Cites Preparation as Key to Compliance for Modernized Community Reinvestment Act
But with input incorporated into the regulations from a range of stakeholders including federal agencies, industry and community leaders, complying with the new CRA requirements will require significant adaptation, according to expert commentary by Wolters Kluwer Compliance Solutions.
- But with input incorporated into the regulations from a range of stakeholders including federal agencies, industry and community leaders, complying with the new CRA requirements will require significant adaptation, according to expert commentary by Wolters Kluwer Compliance Solutions.
- “Every bank is going to be touched by this in some way, no matter the size of the bank.
- This changes the status quo for everybody,” said Timothy Burniston , Senior Advisor, Regulatory Strategy at Wolters Kluwer Compliance Solutions.
- 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.