by Radhika Dholakia-Lipton | Aug 23, 2024 | RADD BUZZ
Jump to section Toggle Key Considerations in Selecting an Audit FirmWhat Makes an Audit Program EffectiveConclusion Selecting the right Audit Firm is one of the most crucial decisions an institution or fintech company can make. The audit firm you choose will not only...
by Chinedu Nnadi | Aug 22, 2024 | RADD BUZZ
Jump to section Toggle Understanding the Purpose of an Effective RFPTips for Writing a Clear and Concise RFPCommon Mistakes to AvoidReviewing and Finalizing Your RFPDistributing the RFPHow RADD Can HelpConclusion When it comes to internal audits, the selection of the...
by Radhika Dholakia-Lipton | Aug 22, 2024 | RADD BUZZ
Jump to section Toggle Understanding Counterfeit Check FraudHistorical TrendsCommon Issues in Counterfeit Check FraudKey ChallengesRegulatory PressureThe Role of Technology in Counterfeit Check FraudSteps to Reduce Counterfeit Check FraudRegulatory Compliance and...
by Radhika Dholakia-Lipton | Aug 22, 2024 | RADD BUZZ
Jump to section Toggle The Role of Risk Assessments in Internal AuditsWhy a Thorough Risk Assessment is VitalHow to Craft an Internal Audit Risk AssessmentStep 1: Defining the Scope and ObjectivesStep 2: Information GatheringStep 3: Risk IdentificationStep 4: Risk...
by Chinedu Nnadi | Aug 22, 2024 | RADD BUZZ
Great News! ???? We are thrilled to announce that RADD LLC has been selected to partner with an $810M Credit Union to conduct a special review of their consumer lending portfolio. Our focus will be on analyzing and enhancing practices related to defaults, ensuring...
by Chinedu Nnadi | Jul 28, 2024 | RADD BUZZ
Jump to section Toggle Understanding RTP and FedNow and Their Difference RTPFedNowWhat is the difference between RTP and FedNow?Key Regulations That Affect RTP and FedNow Regulatory Risks Associated with RTP and FedNow1. Liquidity Risks2. Third-Party Risks3. Fraud...
by Chinedu Nnadi | Jul 19, 2024 | RADD BUZZ
Jump to section Toggle What is the Secure and Fair Enforcement for Mortgage Licensing ( SAFE ) Act? Key Provisions of the Secure and Fair Enforcement for Mortgage Licensing ActHow to Comply with SAFE Act Requirements1. Registration and Licensing Compliance:2. Record...
by Chinedu Nnadi | Jul 19, 2024 | RADD BUZZ
Jump to section Toggle What is the Fair Credit Reporting Act (FCRA)?Objectives of the FCRAThe FCRA governs the behavior of three main types of entities:Key Provisions of the Fair Credit Reporting ActRights of ConsumersObligations for Consumer Reporting...
by Radhika Dholakia-Lipton | Jul 19, 2024 | RADD BUZZ
Jump to section Toggle What is the Fair Debt Collection Practices Act (FDCPA)?History and Purpose of the Fair Debt Collection Practices ActKey Objectives of the Fair Debt Collection Practices ActScope of the LawKey Provisions of the Fair Debt Collection Practices...
by Chinedu Nnadi | Jul 19, 2024 | RADD BUZZ
Jump to section Toggle What is Regulation E or the Electronic Fund Transfer Act (EFTA)?Scope and Coverage of the Electronic Fund Transfer Act Key Provisions of Regulation E1. Consumer Disclosures:2. Error Resolution Procedures:3. Liability Limits for Unauthorized...