Chuck Cross, VP Mortgage Regulatory Policy, Conference of State Bank Supervisors to Speak at KC’s Event on Subprime: Impact & Moving Forward on September 18, 2007
The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Chuck Cross, Vice President, Mortgage Regulatory Policy for the Conference of State Bank Supervisors will speak at the Knowledge Congress’ upcoming teleconference entitled: “Subprime: Impact & Moving Forward”. This 2-hour event is scheduled for September 18, 2007, Tuesday, at 1:00 PM - 3:00 PM EST. (For details and an updated list of panelists, please visit: www.knowledgecongress.org)
The recent subprime fallout has affected not only mortgage brokers and consumers – it has also had a significant impact on a broad array of financial industries including real-estate investments, hedge funds, and Wall Street in general. New federal guidance has been issued with more direction likely on the way. Where is this all going? What’s the next step?
The Knowledge Congress has assembled a panel of experts to help companies understand best practices and strategic direction. The panel will present their findings, which will include up-to-the-minute updates at this live teleconference.
About Chuck Cross
Chuck Cross is the Vice President for Mortgage Regulatory Policy for the Conference of State Bank Supervisors. His areas of emphasis are mortgage regulatory policy issues, professional development and support to the Nationwide Mortgage Licensing System.
Chuck is the former Director of the Washington Department of Financial Institutions Division of Consumer Services. In that capacity he supervised approximately 50 attorneys, examiners and professional staff in the licensing, examination and enforcement of over 20,000 non-depository financial institution individuals including mortgage companies, finance companies, payday lenders, check cashers and sellers, money transmitters, currency exchangers, escrow companies and refund anticipation loan facilitators. In 2005 Chuck was responsible for the implementation of regulations for the payday lending industry in Washington and in 2006 he guided the passing of two agency bills covering the licensing of loan originators and the criminal prosecution of mortgage fraud. Most recently Chuck piloted a team of regulatory and industry professionals in a negotiated rule writing process for the mortgage industry in Washington.
Prior to his promotion to Director in 2003, Chuck was the Division’s Enforcement Chief where he was responsible for over 200 regulatory enforcement actions and criminal referrals in Washington State. He was one of the key investigators, architects and negotiators of the multistate settlement with Household Finance and Beneficial Finance in 2002, which was the largest predatory lending case to date. From late 2002 through 2005 he investigated Ameriquest Mortgage and served on the multi-state Executive Committee for the country’s second largest predatory lending case, which was filed and settled in March 2006. Chuck was also responsible for directing the Washington Mortgage Fraud Prosecution Fund with an average annual budget of $1 million especially dedicated to prosecute these crimes.
Chuck is a former federal and state bank examiner. From 1990 through 1993 he was the vice president and general manager of a mortgage and escrow company. Chuck is a past president for the American Association of Residential Mortgage Regulators (AARMR), a past chair of the AARMR Mortgage Fraud Committee, and has been a subject matter expert and instructor for the National White Collar Crime Center. Chuck is a Certified Fraud Examiner with a degree in Accounting/Economics.
About The Conference of State Bank Supervisors (CSBS)
Founded in 1902 as a clearinghouse for ideas to solve common problems of state bank regulators, the Conference of State Bank Supervisors (CSBS) has evolved into a vital force that strengthens state banking departments. For one hundred years, CSBS has been uniquely positioned as the only national organization dedicated to protecting and advancing our nation's dual banking system. Through CSBS, state bank regulatory agencies and state-chartered banks continue to champion a system that offers competitive chartering options, efficient and effective supervision, and a lower cost of regulation for all banks.
For more information about Chuck Cross and the Conference of State Bank Supervisors, please visit: http://www.csbs.org/
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact or to register to an event, please visit: www.knowledgecongress.org.
Thomas LaPointe, Jr.
Director, Account Management & Member Services
Thomas LaPointe, Jr., Executive Director
Director, Account Management & Member Services