Wolters Kluwer Compliance Solutions hosts Special Purpose Credit Program webinar

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 26th annual CRA & Fair Lending Colloquium, hosted by Wolters Kluwer Compliance Solutions, will be held between November 13th and 16th at Caesars Palace, Las Vegas.

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.