Before joining BRG, he was a managing director in the Banking, Insurance, and Capital Markets group of an international management consulting firm for nine years. He has also served as the chief executive officer of a mortgage originator and servicer, chief risk officer of a $30 billion thrift company, and a partner in the Consumer Finance and Banking practice of a Big Four firm. Mr. DelPonti has over thirty-three years of financial services industry and consulting experience. He has expertise in the areas of enterprise risk management, bank regulatory compliance (Consumer Finance Protection Bureau (CFPB), Office of the Comptroller of the Currency (OCC), Federal Reserve Bank, Federal Deposit Insurance Company), enforcement actions and remediation, strategic analysis, consumer finance and mortgage banking, acquisition due diligence, capital management, organizational design, credit reporting (including Metro2 compliance), technology enablement, and portfolio asset management.
Congress makes a rare intervention to delay when large public banks must change how they account for losses on souring loans.
Given the need for everyone to focus on the safety of their employees and helping customers in need, this appropriately eliminates a very difficult task and reduces additional volatility associated with the standard by delaying its implementation.