by Chinedu Nnadi | Dec 5, 2023 | RADD BUZZ
Today’s financial world isn’t only more complex than ever but also filled with significantly more regulations and compliance requirements. Properly understanding these regulations and knowing what your credit union needs to do to comply is vital. Getting the right...
by Chinedu Nnadi | Nov 29, 2023 | RADD BUZZ
In 1977, the Community Reinvestment Act (CRA) was established to address lending inequities, emphasising reinvestment in underserved communities. Yet, with the rise of digital banking, our understanding of ‘community’ has transformed. Now, an updated CRA...
by Radhika Dholakia-Lipton | Nov 24, 2023 | RADD BUZZ
Businesses today face more threats and more significant threats than ever before, making compliance risk assessments more important than ever. These threats arise from risks related to vendors, IT, cybersecurity, and more. Financial institutions also need to identify...
by Chinedu Nnadi | Oct 6, 2023 | RADD BUZZ
For financial institutions, risk is not merely an aspect; it’s an inherent trait that threads through every transaction, decision, and strategy. From the tumultuous waves of global economies to the subtle ripples of local market fluctuations, the capacity to...
by Radhika Dholakia-Lipton | Sep 29, 2023 | RADD BUZZ
In the intricate and highly regulated landscape of financial institutions, maintaining robust internal controls and ensuring operational excellence isn’t just a good practice—it’s an imperative. Internal audits play an instrumental role in this ecosystem....
by Radhika Dholakia-Lipton | Sep 21, 2023 | RADD BUZZ
After over a decade of anticipation, the Consumer Financial Protection Bureau (CFPB) unveiled its definitive Section 1071 rule on March 30, 2023, reshaping the landscape of small business lending data collection. This monumental rule, a cornerstone of the Dodd-Frank...
