Craig Nazzaro and Liz Donaldson covered recent developments and best practices for the Community Reinvestment Act (“CRA”). Compliance under the CRA is facing multiple challenges, being driven by reform under the recently-released final rule by the Office of the Comptroller of the Currency (OCC), which lacked the support from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board (FRB). As well as the rise of troubled loans within portfolios, they discussed the necessary steps to avoid risk driven by these challenges and address possible opportunities to protect your ratings.
Webinar in the Series, “In the Trenches: Operating During the Crisis"
Each webinar in the series consists of experienced Nelson Mullins attorneys speaking on that day’s topic relating to the financial industry climate during the COVID-19 crisis.
Following the initial presentation, the attorneys will open the floor up for 30 minutes for the "In the Trenches Help Line" in which attendees can obtain assistance with any compliance related topic that they may be facing.