by Chinedu Nnadi | Apr 3, 2023 | RADD BUZZ
The Consumer Financial Protection Bureau (CFPB) recently issued its long-awaited final rule to implement Section 1071 of the Dodd-Frank Act. Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and report certain data...
by Chinedu Nnadi | Mar 24, 2023 | RADD ENGAGE
Exciting news! We are thrilled to announce our latest engagement with a Fintech company based in Delaware. RADD LLC has been engaged to perform their BSA/AML review, helping them ensure compliance and mitigate risks. Does your financial institution need assistance...
by Chinedu Nnadi | Mar 16, 2023 | RADD ENGAGE
Exciting news! We are thrilled to announce that we just signed an engagement with a California Credit Union with an asset size of 4.5 billion. We will conduct their BSA/AML and OFAC audit and perform a gap analysis of their BSA Program. If your financial institution...
by Chinedu Nnadi | Mar 14, 2023 | RADD BUZZ
Despite being a major lender in the tech industry for decades, Silicon Valley Bank’s (SVB) risky investments and lack of proper risk management protocols led to its downfall. Yes, government policies were not favorable to banks as the Federal Reserve raised the...
by Chinedu Nnadi | Feb 25, 2023 | RADD BUZZ
The new AML whistleblower law signed in December 2022 by President Biden signals a heightened focus on financial crime and the need for financial institutions to tighten the noose around criminals by updating their Bank Secrecy Act / Anti-Money Laundering (BSA/AML)...
