In July 2010, President Obama signed into effect the Dodd-Frank Wall Street Reform and Consumer Protection Act. The act now stands as the most comprehensive financial regulatory reform since the Great Depression.
Soon after the Act's implementation, The Texas Bankers Association reached out to community bankers to survey their needs in the area of compliance. Bankers expressed their anxiety over the new regulatory environment and dissatisfaction with the resources available to understand the new status quo. In response, the Texas Bankers Association united with 26 more State Bankers Associations to form Compliance Alliance.
The products we have available today continue to adapt based on the ever-changing needs of bankers in the area of compliance. We have greatly expanded our initial offerings, which continue to grow daily. Our current offerings include an extensive library of documents, a hotline to address compliance concerns and reviews of members' current documents. We also create tools and resources at the request of member banks, meaning our business is ultimately defined by the needs of our members. Our goal is to not only help you stay current with the regulations, but to allow you to get ahead of them.