Nearly a half century has passed since the enactment of the
Community Reinvestment Act. Given the major evolutions within the financial
services industry since then, the updates contained in the nearly 1,500-page final
rule recently issued by the Federal Reserve, Federal Deposit Insurance Corp.,
and Office of the Comptroller of the Currency came with a great deal of
anticipation.
With such a large regulatory package, Dodd Frank Update
sought insight from an expert with 35 years of federal regulatory experience
and 12 years’ experience as a regulatory consultant – Wolters Kluwer Senior
Advisor Timothy Burniston.