Wolters Kluwer Compliance Solutions hosts Special Purpose Credit Program webinar

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.