Engage our consultants to review compliance policies, processes, controls, monitoring, reporting, training and systems to develop a gap analysis and actionable recommendations to improve the operational efficiency and overall CMS against the requirements of federal regulators.
A risk-based evaluation of the CMS for alignment with consumer protection principles, including UDAAP, to determine whether it sufficiently monitors, identifies and addresses potential acts or practices that materially increase the risk of consumers being treated in an unfair, deceptive, or abusive manner.
A statistical review of a specific dataset to determine potential discrimination on a prohibited basis done by comparing lending patterns to demographics and peers. The Review can also include focal point reviews, conduct regression analysis to identify outliers, and isolate data to assist with comparative file reviews.
A CMS review of strategic partners, including: Fintech partner review, due diligence, CMS review, compliance program diagnostic/gap analysis, vendor management program review, third party risk assessment, compliance program development.
An evaluation to identify hazards related to non-compliance with consumer protection regulations due to inadequacy of controls or program gaps.
Staff and Board training on new regulations and policies and procedures as part of maintaining a strong CMS.
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