Wolters Kluwer launched an expert solution aimed at helping the nearly 33 million U.S. businesses impacted by the beneficial ownership reporting rule under the Corporate Transparency Act.
Nearly 70% of lenders are concerned about anticipated small business lending data collection regulations and the ability to manage those requirements, according to Wolters Kluwer, which reported concerns about new regulations have “jumped considerably” in 2022.
Regulatory compliance and risk concerns remain high in a number of key areas for U.S. banks and credit unions, according to the results of Wolters Kluwer’s 2020 Regulatory & Risk Management Indicator survey.
Wolters Kluwer Governance, Risk & Compliance acquired eOriginal, a provider of cloud-based digital lending software, for approximately €231 million ($280 million) in cash.