Election Impacts on Compliance and Stunning TD Bank Penalty

Welcome to the Compliance 911 Show, where hosts Dean Stockford and Len Susio tackle the crucial topics for today's compliance professionals. In this episode, they discuss the impact of the recent electoral shift on regulatory compliance, exploring potential changes in the Community Reinvestment Act (CRA) and Section 1071. The conversation also delves into the unprecedented $3 billion penalty levied against TD Bank for compliance failures, marking it as the first bank to plead guilty to conspiracy to commit money laundering. Dean and Len emphasize the importance of compliance resources and the need for banks to prioritize both profit and adherence to regulations. Listen in for insights on navigating these challenging compliance landscapes.

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