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The wisdom of experts is helping lenders manage the demanding regulatory and operational situations that arise during the pandemic.
Wolters Kluwer Compliance Solutions has presented a series of informative podcasts for lenders to adapt to the COVID-19 pandemic environment and cope with its large-scale effects on their lending practices. With topics ranging from effective control of regulatory adjustments to clarification of loan cancellation needs under CARES’s PayCheck Protection Program (PPP), episodes feature regulatory experts from Wolters Kluwer and other industry experts who share data with lenders serving their banking customers.
The following podcasts are available on request:
Lender Forgiveness Guide The SBA has begun processing the loan repayment programs of the paycheck coverage program. Wolters Kluwer banking leader Samir Agarwal interviews Neal Doherty, a control representative of Wolters Kluwer’s U.S. Advisory Team, on forgiveness mechanisms, borrower preparation, and post-forgiveness expectations control.
Loss Mitigation: Addressing Operational Challenges in a Pandemic Environment At the end of the permitted abstention periods required by the CARES Act, there will be a wave of borrowers requiring post-abstention educational sessions. Servers are concerned that they may have the ability to take charge of the impending wave of loss mitigation educational sessions. Samir Agarwal of Wolters Kluwer asks Chris Zimmerman, Wolters Kluwer’s product manager for maintenance generation solutions, about methods to get maintenance up and running in a remote environment. They also propose methods and policies to help finalists facing multiple pandemic challenges, adding a flow of loss reduction sessions.
Equity in the face of the crisis: a fair and responsible bank amid the chaos The COVID-19 pandemic has created a growing number of vulnerable populations. With regulatory aid programs, dispersed staffing and remote banking, it is becoming increasingly difficult to focus on equity and fair lending. Britt Faircloth, suggested to the advisory services of Wolters Kluwer in the USA, Is addressing the truth of the accumulation of vulnerable populations created by the pandemic by proposing methods to maintain equity in new regulatory programs, remote banking and the dispersion of the workforce.
Wolters Kluwer Compliance Solutions is a market leader and a trusted provider of threat control, compliance and threat control responses, and for U.S. banks and credit unions, insurers, and securities companies. The company, a member of Wolters Kluwer’s Government, Risk and Compliance (GRC) division, is helping those monetary establishments manage well transaction compliance obligations and loan and archive workflows, manage threats and other compliance obligations, and offload the data they wish to concentrate. to better serve your consumers and develop your business.
Wolters Kluwer’s TSoftPlus ™ PPP tolerance module is one of many skillful responses introduced through the company’s RCMP department in reaction to the COVID-19 crisis. iLien for Main Street is a generation solution designed to help U.S. lenders optimize their due diligence and privilege control efforts by borrowing for small and medium-sized businesses under the Main Street loan program. COVID-19’s outstanding development bulletins include global regulatory adjustments similar to COVID-19, orders, notices, and other data updates for the monetary sector.
About the governance, risks and compliance of Wolters Kluwer
Governance, Risk – Compliance (GRC) is a department of Wolters Kluwer, which provides law and banking professionals with responses to comply with evolving regulatory and legal obligations, manage risk, increase power and deliver better business outcomes. RCMP provides a trained generation portfolio and responses focused on legal compliance, legal operations control, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in data and response for professionals in the health, tax and accounting, threats and compliance, finance and law sectors. Wolters Kluwer generated annual sales of 4.6 billion euros in 2019. Headquartered in Alphen aan den Rijn, the Netherlands, the company serves consumers in more than 180 countries, operates in more than 40 countries and employs another 19,000 people worldwide.
See the businesswire.com edition: https://www.businesswire.com/news/home/20200821005084/fr/
Contacts
David Feider Corporate Communications Manager, Banking – Government Compliance Division, Risk – Compliance Wolters Kluwer Phone: 1612-852-7966 [email protected] On Twitter: @davidafeider