Mitigating Fraud and Compliance Risk in Response to the CARES Act

Webinar With Consumer Bankers Association

On March 27, 2020 the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law, providing several provisions to assist Americans during this time and beyond. The Small Business Administration’s (SBA) Paycheck Protection Program (PPP) and the Federal Reserve’s Main Street Lending Program both provide Lenders the ability to make loans to support small and medium sized businesses.

Each of these programs as well as other aspects for the CARES Act and state level responses to the COVID-19 pandemic create unique fraud and compliance risks for lenders. It’s important for lenders to be diligent and bolster compliance and governance programs to mitigate unforeseen fraud and risk. Unfortunately, it is times of peril where fraudsters seek to take advantage and given the wide-reaching impacts of COVID-19, we are observing an uptick in losses due to fraudulent activity perpetrated from within organizations, by fraudulent borrowers, or external parties. In this webinar, you will hear from leading fraud industry experts on ways to minimize fraud risk and identify ways to enhance current compliance and governance programs.

This Webinar will Cover:

Top 3 Benefits to Attendees:

  1. Understanding fraudster tactics, new risks and potential governance and program vulnerabilities which have emerged due to the pandemic.
  2. Key steps financial institutions can take to bolster governance programs and mitigate fraud risk including prevention, detection, mitigation, and, remediation.
  3. Continuing fraud mitigation and compliance practices after the wave of application submission is complete.




This webinar is complimentary for non-CBA members when you register using the code: guide0501 at checkout.


Key Contacts

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