New York, NY, May 13, 2015 --(PR.com
)-- Mr. Dwight C. Smith, III, a partner of Nelson Mullins Riley & Scarborough LLP to speak at the Knowledge Group's Upcoming Banking Regulations: The Importance of Compliance in 2015 Live Webcast.
The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today Mr. Dwight C. Smith, III and partner of Nelson Mullins Riley & Scarborough LLP will speak at the Knowledge Group’s webcast entitled: “Upcoming Banking Regulations: The Importance of Compliance in 2015 Live Webcast.” This event is scheduled for Tuesday, May 19, 2015 @ 10:00 AM to 12:00 PM (ET).
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About Dwight C. Smith, III
Dwight C. Smith, III focuses his practice on bank regulatory matters including advice to U.S. and foreign banks and investors on corporate transactions and bank operations. His work focuses on post-financial crisis issues such as Dodd-Frank, Basel III, and regulation of swaps and derivatives, as well as M&A and capital raising. He is a former Deputy Chief Counsel for Business Transactions at the Office of Thrift Supervision, where he oversaw significant mergers, acquisitions, and offerings and new entrants to the banking industry. He earned his Juris Doctor from Yale Law School in 1981 and a Bachelor of Arts, magna cum laude, from Yale in 1977.
About Nelson Mullins Riley & Scarborough LLP
Nelson Mullins Riley & Scarborough LLP offers the strength and resources of attorneys and professional staff experienced in a range of services. We provide advice and counsel in litigation, corporate, economic development, securities, finance, intellectual property, government relations, regulatory, and other needs of clients ranging from private individuals to large businesses, including many publicly held companies. Established in 1897, Nelson Mullins has more than 500 attorneys and other professionals with offices in the District of Columbia, Florida, Georgia, Massachusetts, North Carolina, South Carolina, Tennessee, and West Virginia. For more information on the Firm, go to www.nelsonmullins.com.
In 2015, compliance will be the main focus for banks. The Consumer Financial Protection Bureau (CFPB) and other banking regulators will attend to deceptive marketing, debt traps, dead ends, and discrimination. With increasing data breaches in retail markets, payment system protection will be enhanced for mobile banking and other emerging technologies. The CFPB will continue to focus on the Home Mortgage Database (HMDA) proposed rule, overdraft, debt collection, pay-day lending, and arbitration. Vendor management also will be important due to data breaches, systems implementation, and fair lending issues.
TILA/RESPA integrated disclosure implementation will not be ready by the August 2015 deadline; thereby leading to additional regulatory risks and problems for banking institutions. The addition of commercial loans and HELOCs will create an immense problem in the Banking industry. Also impending is the Dodd-Frank-mandated small business data collection process.
Hence, it is critically important that banking officials, compliance and regulatory officers, and their counsel be anticipatory and develop strong compliance strategies. Otherwise they face failing to note, understand, or to act upon important, up-coming regulatory changes; thereby facing severe consequences.
In this two-hour live webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will discuss the important Up-coming Banking Regulations and The Importance of Compliance in 2015. The panel of speakers also will provide advice regarding compliance and litigation avoidance strategies for banking institution officials.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Group, LLC was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/