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Feature CARES Act Compliance low res

Orlowski

Dr. Janis Orlowski

Western Union

BEC Scams

Catalyst

ARLINGTON, Va.—The massive $2-trillion CARES Act and its many provisions seeking to prop up the economy and consumers is succeeding in creating jobs for at least one profession: compliance professionals.

WASHINGTON–Sen. Mike Crapo, chair of the Senate Committee on Banking, Housing and Urban Affairs, has sent a letter to the Fed, the OCC the FDIC and the NCUA in which he said “due to the unprecedented shutdown of businesses to prevent the spread of COVID-19, bold and dramatic steps are needed.”