A worldwide bank with operations in Delaware required assistance with strategic planning and research efforts relating to compliance with the Community Reinvestment Act (CRA). The Delaware bank has assets approximating $28 billion and interest and other revenue of $2.8 million.
A worldwide bank with operations in Delaware required assistance with research and documentation efforts relating to compliance with the CRA. The Delaware bank has assets approximating $28 billion and interest and other revenue of $2.8 million and due to resource and time constraints needed help with certain aspects of compliance planning and reporting.
Accounting and Business Consultant’s Engagement Role:We were engaged to assist the Delaware Bank’s Legal and Compliance Teams with research and documentation required for submission of its CRA plan.
Engagement Results:We assisted management with research and documentation efforts to comply with CRA requirements and to submit its CRA plan. Management was able to submit the plan in an efficient and timely manner without incurring numerous overtime hours by members of their management teams.
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Accounting and Business Consultants, LLC | 800-930-2923