The article titled “The Time Is Now to Prepare for Congressional Inquiries from a Democrat-Led House,” written by Charlotte Members Neil Bloomfield and Edward O’Keefe, and Associate Elena Mitchell, was published and first appeared in the March 4, 2019 edition of Westlaw Journal Bank & Lender Liability.
The Article
At the start of a new year, we tend to make promises to ourselves. We often promise to address issues head-on — to be proactive[1] instead of reactive. While most New Year’s resolutions are quickly forgotten, we urge those involved with highly regulated institutions to make and stick to at least one — to prepare for potential investigations by the House of Representatives.
To paraphrase a Navy SEAL’s remarks[2] about the piracy of a U.S. ship: We weren’t planning on that outcome, but we were prepared for it. Investigations are coming,[3] and delaying preparation until the institution or its executives need to testify is a mistake.
As is true with respect to any major project, when preparing to testify before the House it is helpful to break the process down into its component parts. We suggest thinking about three core elements: pre-hearing groundwork, providing information and documents, and crafting the narrative.
…. Read the full article here.
MemberEd is the former Global General Counsel of Bank of America Corporation. Having also headed or served as a senior executive with Bank of America's compliance, technology, human resources, and operations functions, Ed’s broad ...
AssociateElena's practice focuses on complex litigation matters involving a wide variety of business torts, commercial contracts and mortgage loan disputes, estate litigation, and antitrust litigation. Elena regularly practices in ...
MemberNeil regularly represents clients with responses to inquiries by Federal (e.g. CFTC, OCC, FRB, SEC, IRS, DOJ, and various U.S. Attorney's offices and Congressional Commissioners), State (e.g. the North Carolina Attorney General ...
About MVA White Collar Defense, Investigations, and Regulatory Advice Blog
As government authorities around the world conduct overlapping investigations and bring parallel proceedings in evolving regulatory environments, companies face challenging regulatory and criminal enforcement dynamics. We help keep our clients up to date in these fast-moving areas and to serve as a thought leader.