Mitigating Fraud and Compliance Risk in Response to the CARES Act

A Joint Webinar Collaboration with the Consumer Bankers Association (CBA)

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, leading fraud industry experts from Guidehouse and Hancock Whitney Bank discuss ways to minimize fraud risk and identify ways to enhance current compliance and governance programs.

This Webinar will Cover:

  • Managing fraud risks related to implementing the PPP and the Main Street Lending Program.
  • Adapting your compliance program to account for potential risks including fair lending, Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) and other compliance issues.
  • Lender considerations for state level compliance.

Speakers:

  • Alma Angotti, Partner and Global Investigations and Compliance Co-Lead at Guidehouse
  • Christopher Sicuranza, Partner and Banking Insurance and Capital Market Head at Guidehouse
  • Doug Twining, Senior Vice President and Director of Enterprise Fraud at Hancock Whitney Bank

About the Experts

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