by Radhika Lipton | Feb 12, 2023 | RADD BUZZ
The risks and regulatory landscape for fintech companies are complex and constantly evolving. To survive, you must navigate a patchwork of federal and state regulations. These include the US Patriot Act, the Bank Secrecy Act, the Fair Credit Reporting Act, and... 
by Radhika Lipton | Jan 29, 2023 | RADD BUZZ
A financial institution audit is a routine check of its services to ensure compliance with legal and industry standards. Hence, the audit procedure is a standardized process set up by banks to assess their level of compliance with relevant rules and regulations. Also... 
by Radhika Lipton | Jan 16, 2023 | RADD BUZZ
With the rapidly growing digital revolution, financial institutions have undergone a significant technological change to meet demands from increasingly sophisticated customers and global competition. Hence, it is crucial to know what should be your risk and compliance... 
by Radhika Lipton | Dec 27, 2022 | RADD BUZZ
FDICIA stands for the Federal Deposit Insurance Corporation Improvement Act. It is a law enacted in the United States in 1991 as a response to the savings and loan crisis of the 1980s. Enforced by the Federal Deposit Insurance Corporation (FDIC), the FDICIA as we... 
by Radhika Lipton | Dec 15, 2022 | RADD BUZZ
The Home Mortgage Disclosure Act (HMDA) is a federal law that requires lenders to report certain information about their mortgage loan applications to appropriate authorities. This regulation applies to banks, savings associations, credit unions, or other institutions... 
by Radhika Lipton | Nov 23, 2022 | RADD BUZZ
Compliance culture is an organization’s set of policies, practices, and behaviors that allows it to ‘play safe’ in its operation. Compliance culture in the financial service industry is how an organization implements and executes its compliance...
