The list of this century’s biggest data breaches, which have exposed more than 4.99 billion records, reads like a corporate who’s who: Yahoo, eBay, Equifax, Heartland Payment Systems, Target, TJX Companies and [...]
Recently, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published “A Framework for OFAC Compliance Commitments” to help organizations—including credit unions—take a risk-based approach to developing a [...]
Will Proposed Legislation Change the Risk Calculus for Financial Institutions? As states continue to legalize medical and recreational marijuana, pressure is mounting on both marijuana-related businesses (MRBs) and financial institutions due to current federal restrictions. [...]
Social media channels provide financial institutions with a unique opportunity to engage in helpful two-way communication with customers, prospects, employees and critics. However, communicating with customers through social media carries its own regulatory and compliance [...]
Recently, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published “A Framework for OFAC Compliance Commitments” to help organizations take a risk-based approach to developing a sanctions compliance program ([...]
The Current Expected Credit Loss (CECL) standard has been a contentious subject since the Financial Accounting Standards Board (FASB) issued it in 2016. Recently, the debate has heated up with FASB, Congress, federal financial regulatory [...]
Fast, dependable and secure internet service is a necessity for every business. But for financial institutions, simply deploying dedicated high-speed access from a typical Internet Service Provider (ISP) and calling it a day is not [...]
