by Radhika Dholakia-Lipton | Aug 22, 2024 | RADD BUZZ
Counterfeit check fraud remains a significant threat in banking, even as technology and security measures advance. Fraudsters use sophisticated techniques to create fake checks that closely resemble legitimate ones, making detection challenging. This type of fraud can...
by Radhika Dholakia-Lipton | Aug 22, 2024 | RADD BUZZ
In today’s rapidly evolving business landscape, the importance of a robust internal audit function cannot be overstated. At the heart of every successful internal audit lies a well-crafted risk assessment, a critical process that helps organizations identify,...
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
RTP® Network and FedNow® Service, the two central US instant payment rails, have shown how the speed of instant payments amplifies the need for robust risk management strategies for participating financial institutions (FIs). The Federal Reserve, which backs FedNow®...
by Chinedu Nnadi | Jul 19, 2024 | RADD BUZZ
The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) establishes mandatory requirements for the licensing of mortgage loan originators, enhancing consumer protection and reducing fraud within the mortgage industry. This blog post explores the...
by Chinedu Nnadi | Jul 19, 2024 | RADD BUZZ
In this blog post, we explore the Fair Credit Reporting Act (FCRA), which regulates the collection, distribution, and protection of consumer credit information. Understanding and complying with the FCRA is crucial for businesses involved in credit reporting, consumer...
by Radhika Dholakia-Lipton | Jul 19, 2024 | RADD BUZZ
Navigating the complexities of debt collection in the U.S. requires a keen understanding of the Fair Debt Collection Practices Act (FDCPA), a crucial statute that governs the manner in which debt is collected. Enacted in 1977, the FDCPA serves to eliminate abusive...
by Chinedu Nnadi | Jul 19, 2024 | RADD BUZZ
In the digital age, the movement of money via electronic means is not just commonplace; it’s expected. As businesses and consumers increasingly rely on electronic fund transfers (EFTs) for everyday transactions, understanding the regulatory environment governing...
by Chinedu Nnadi | Jul 19, 2024 | RADD BUZZ
In the complex landscape of financial transactions, understanding the nuances of consumer protection laws is paramount for both businesses and consumers. Regulation Z, also known as the Truth in Lending Act (TILA), stands as a cornerstone in this framework, designed...
by Chinedu Nnadi | Jul 19, 2024 | RADD BUZZ
In the intricate world of financial services, transparency and honesty are paramount. Regulation DD, also commonly referred to as the Truth in Savings Act (TISA), enforces these principles, ensuring that consumers receive clear and accurate information about their...
