CRA Sole Source JustificationCRAsigned.pdf

Solicitation/Contract No: 9531CB23P0006 J&A No: N/A

SOLE SOURCE JUSTIFICATION FOR

ACQUISITIONS UNDER THE SIMPLIFIED ACQUISITION THRESHOLD

1. In accordance with Federal Acquisition Regulation 13.106-1(b)(1) and CFPB-COO-Proc-02-

2017, Contract and Legal Reviews - Policy and Procedures, I hereby determine that the Community Reinvestment Act (CRA) & Fair Lending Colloquium listed on CFP-50700-23- 0001 is available from only one source, and competition is precluded for the reasons indicated below. The market research conducted did not find any comparable substitutions.

2. This acquisition is restricted to the following source:

Company: Wolters Kluwer Financial Services Company Address: 111 8th Avenue, 13th Floor, New York City, NY 10011 Company Point of Contact and Phone Number:

customersupportwizsentri@wolterskluwer.com 1-800-552-9410

3. The conference attendance for 25 employees is estimated to cost $34,444 total and is required to take place from 11/13/2022 through 11/16/2022.

4. The CRA & Fair Lending Colloquium is a unique annual event that brings together the nation’s top compliance experts into one area to discuss best practices and analyze regulatory trends affecting the Community Reinvestment Act (CRA), Home Mortgage Disclosure Act (HMDA), and Fair Lending rules. Specific characteristics of the conference that limit the availability to a sole source is it combines three relevant topics (i.e. CRA, HMDA, and Fair Lending) into one conference, and is focused on regulatory trends. Other conferences do not include all three of the three required topics.

5. Check and fill in all that are applicable:

None of the boxes below are applicable to this sole-source acquisition.

The material or service must be compatible in all aspects (form, fit, and function) with existing systems presently installed. The current equipment is not applicable, and the new item/service does not need to coordinate, connect, or interface with any existing systems.

A patent, copyright, proprietary data, or licensing agreement limits competition. The proprietary data are described as follows:

These are "direct replacement" parts/components for existing equipment.

Other information to support a sole-source buy:

Market research was conducted to find other conferences that offered the necessary and required content as the CRA & Fair Lending Colloquium. The first event identified was the National Interagency Community Reinvestment (NICR) Conference. It was cosponsored by multiple Federal Reserve Banks, the FDIC and OCC. This conference was not considered a suitable replacement because it was too narrowly focused. The NICR Conference did not offer any best practices or strategies for HMDA or Fair Lending.

The second event identified was the National Community Reinvestment Coalition’s (NCRC) Annual Conference. It featured a wide range of cutting-edge sessions on community organizing and advocacy, housing, access to capital and credit, workforce and community development, fair lending, and business development. But it lacked a focus on compliance or regulatory related content for CRA, HMDA, and Fair Lending.

Finally, the Annual Fair Lending Conference sponsored by the Skadden Foundation was reviewed. This conference focused on fair lending but did not include any topics related to CRA or HMDA.

CERTIFICATION

I certify that statements checked, and information provided above are complete and correct to the best of my knowledge. In accordance with FAR 13.106-1(b)(1). The facts of this acquisition preclude the use of full and open competition.

Jamie Grisdale Date Project Officer

This certification also serves as approval.

Nicole Fils Date Contracting Officer