Saltmarsh Strenghthens Fair Lending Serviceswith Lorraine Faust's Addition to Financial Institutions Consulting Group

2/13/2025 - By Nancy Patton

We're excited to welcome Lorraine Faust, CRCM as the Director of Fair Lending/Fair & Responsible Banking in the firm's Financial Institution Consulting Group!

With over 30 years of experience, Lorraine brings exceptional knowledge in regulatory management, risk assessments, and fair lending analysis. She joins Saltmarsh’s team of consultants dedicated to helping community banks and credit unions navigate the evolving compliance landscape.

"We are thrilled to welcome Lorraine to our team. Her deep expertise in fair lending, coupled with her unwavering commitment to integrity and client success align perfectly with Saltmarsh’s values,” shared Kristen Stogniew, Esq., CFE, Financial Institution Consulting Group practice leader. “We’ve known Lorraine for years and have seen firsthand how her insights empower clients to address challenges with confidence. Her guidance will be invaluable in helping our clients make sound strategic decisions.”

Lorraine has guided financial institutions through the complexities of regulatory examinations and relations with the Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (FRB) and Consumer Financial Protection Bureau (CFPB) to maintain compliance and mitigate risk. Beyond consulting, Lorraine provides customized training to financial leaders, ensuring they stay ahead of evolving compliance challenges. Her practical, common-sense approach helps institutions balance regulatory requirements with strategic growth.

Saltmarsh's Financial Institution Consulting Group offers comprehensive services nationwide, including AML and BSA testing, regulatory compliance and fair lending reviews, audits, cybersecurity and strategic advisory. The team also provides annual programming to address emerging trends and challenges – learn more about their upcoming risk professional training in April at www.saltmarshcpa.com/bankchat.