U.S. Banks Sweat Regulatory Exposure From Pandemic Loans
James Stevens, a partner in Troutman Pepper's Financial Services Practice Group, was quoted in the October 21, 2020 Reuters article, " U.S. Banks Sweat Regulatory Exposure From Pandemic Loans."
James Stevens, an attorney who advises lenders at Troutman Pepper in Atlanta, said banks did their best to get money to needy small businesses, but that fast-changing program rules created "fertile ground" for fraud and internal errors.
"Regulatory scrutiny of banks is always in hindsight," Stevens said. "It's going to come."