February 21, 2024

A recent article in the Atlanta Fed’s “Economic Issues” explores the work Ron Garner and Tony Curtis are doing in overseeing consumer compliance at commercial banks, shedding light on the Fed’s regulatory approach.

The pair have been reviewing balance sheets and assessing compliance risks to check the bank’s compliance with fair lending laws and the Community Reinvestment Act. They have also been rating and penalizing violations, the feature said.