Bank Branch Closures and Consolidation: Regulatory and Disclosure Obligations, Fair Lending and CRA Concerns
This program has been cancelled
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will examine litigation, regulatory, and enforcement risks arising out of temporary or permanent bank branch closings and consolidation. The panel will explain the federal laws and regulations banks should consider, especially with respect to fair lending, redlining, and Community Reinvestment Act (CRA) concerns, in implementing a branch consolidation or closure initiative and offer tips for mitigating against such risks.
- Factors driving branch closures and consolidation
- Notification requirements
- SEC disclosures for publicly traded banks and BHCs
- Community Reinvestment Act concerns
- Fair lending and redlining concerns
- Tips on updating internal policies and procedures
The panel will review these and other important issues:
- When is a branch consolidation treated similarly to a branch closure for regulatory purposes?
- What are the disclosure requirements concerning branch closures, and what are the penalties for noncompliance?
- How do the CRA and fair lending laws figure into branch closures?
- What are the key points that should be addressed when drafting policies and procedures on branch closing and consolidation?
Richard E. Gottlieb
Manatt Phelps & Phillips
Mr. Gottlieb is leader of the firm’s industry-leading consumer financial services practice. Long recognized as... | Read More
Mr. Gottlieb is leader of the firm’s industry-leading consumer financial services practice. Long recognized as one of the nation’s top financial services attorneys, he advises a broad range of financial institutions, retailers and other consumer-facing entities in litigation, regulatory and transactional matters. Mr. Gottlieb likewise counsels financial service entities regarding compliance matters, and defends such clients in connection with, among other things, consumer class action suits, state and federal financial regulatory proceedings and examinations, enforcement proceedings, alleged consumer lending violations, and claims relating to data security and privacy breaches. His two-volume desk reference, the Consumer Financial Services Answer Book, is one of the best-selling treatises in the field.Close
Joseph J. Reilly
Mr. Reilly has nearly two decades of experience representing financial institutions in a wide variety of regulatory,... | Read More
Mr. Reilly has nearly two decades of experience representing financial institutions in a wide variety of regulatory, enforcement and litigation matters. He advises lenders, Fintech start-ups and other financial services providers on a broad range of compliance and lending authority matters, and has defended those clients in enforcement actions, informal investigations and in examinations by the CFPB, OCC, Federal Reserve, FDIC, SEC, numerous state agencies, and the mortgage GSEs. Mr. Reilly’s compliance counseling covers the entire panoply of consumer and business lending laws and rules under TILA/Reg. Z, ECOA/Reg. B, RESPA/Reg. X, UDAAP, EFTA/Reg. E, Fair Credit Reporting Act, debt-collection laws, GLBA privacy provisions, state licensing regimes and others. For bank and bank-affiliated clients, he also advises on bank powers, federal preemption, interstate expansion, and a range of Bank Holding Company Act matters, including rules on inter-affiliate transactions, tying, and director qualifications.Close