On March 30, 2020, PerformLine’s blog featured the Consumer Financial Services Practice Group’s webinar addressing the latest on the evolving legal and regulatory landscape, and ways to manage key compliance risks related to the fallout from the COVID-19 pandemic. The following is an excerpt:
There has been a huge response by federal and state governments to protect consumers, businesses and the economy during COVID-19. Regulators have been encouraging Financial Institutions to meet the needs of their consumers and have offered an abundance of documents, rules and press releases for guidance on how to do so safely and legally.
We sat in on Venable LLP’s consumer financial services update webinar and identified 3 major takeaways for financial institutions on how to comply while best serving consumers.