Esq / Founder finreg PARTNERS
Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance.
Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.
On July 7, 2020, the CFPB issued its final Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule (Small-Dollar Rule), which includes […]
The challenge with understanding HMDA is that it’s extremely complex and the rules are tedious. With increased regulatory scrutiny of HMDA data […]
Lending to Hemp, CBD and Cannabis Banking Customers: Opportunities, Challenges and Regulatory Hurdles
Of approximately 12,000 banks across the country, 710 banks and 150 credit unions reported servicing marijuana-related businesses last year, according to FinCEN. […]
Even mature BSA/AML programs struggle to keep pace with today’s challenges. This compliance webinar focuses on providing specific insights and tactics to […]
Changes in the mortgage industry and regulations created a need for the Government Sponsored Enterprises, (GSEs) to evaluate information taken at time […]