In the wake of the CDK Global ransomware attack, car dealerships are confronting the stark reality of cyber threats and the consequences of inadequate cybersecurity measures. CDK Global, a leading…
Is Your Organization in Compliance with NCUA’s 2024 Supervisory Priorities?
The National Credit Union Administration (NCUA) recently released its supervisory priorities for 2024, focusing on the highest-risk areas of the credit union industry. These yearly guidelines help insured credit unions…
Long-Awaited Collection of Small Business Loan Data Finally Here
The Consumer Financial Protection Bureau (CFPB) finalized the long-awaited small business lending rule on March 30, 2023. The rule implements section 1071 of the Dodd-Frank Act, which amends the Equal…
Set Your Organization up for a Painless (and Insightful) Audit with these Five Preparation Tips
An audit doesn’t have be something to dread. In fact, this annual compliance ritual can yield important financial insights and opportunities for improvement – if the organization invests the time…
NCUA 2022 Capital Adequacy Standards: Find Out if Your Credit Union is Affected by the New Rule
Since January 1, 2022, credit unions with total assets of $50 million and above must follow different expectations and frameworks when calculating capital ratios. The new capital adequacy standards from…