CRA served as the expert for two global financial institutions to implement their compliance, risk, and audit functions with respect to financial industry regulations. These assignments incorporated numerous federal and state regulations such as the CFPB, BSA, FCRA, and UDAAP, and also included a focus on anti-money laundering internal controls and precise work plans.
Community credit needs assessments—why now?
The CFPB has discarded the statistically based analyses that were key to investigating and uncovering systematic patterns. While institutions may find the...