With 2020 behind us, 2021 will be more than just 'picking up the pieces' of COVID-19. The pandemic has fundamentally changed many aspects of banking - accelerating certain trends and introducing others. Plus, we now have a new political environment, with a new President and Congress. All this points to a very active year in risk and compliance for financial institutions. We'll discuss how these trends will impact the banking regulatory environment: what to look forward to, what we know will be happening, and what to expect.
Covered Topics:
- Regulatory Changes
- Qualified Mortgages
- BSA reform
- Foreclosure and eviction moratoriums
- PPP extensions
- Stimulus payments
- A new political landscape
- Renewed enforcement
- Rules changed or repealed
- Remote environments and digital commerce
- Social distancing and branches
- New technologies – Remote Online Notarization & E-SIGN
- Cybersecurity
- Other Priorities
- Diversity and inclusion
- Pressure on earnings