Today’s financial institutions often tap into third-party vendors to carry out services that fall beyond their industry expertise. This practice allows banks and credit unions to focus their resources and…
Why Financial Institutions Can’t Overlook Fair Lending Compliance
Fair Lending is a large umbrella category encompassing a number of laws and regulations enacted to prevent discriminatory behavior against consumers by financial institutions. Under statutes like the Equal Credit…
What the New BSA/AML Compliance Pillar Means for Financial Institutions
While Bank Secrecy Act/Anti-Money Laundering (BSA/AML) requirements are nothing new for bank and credit union leaders, financial institutions are now required to capture and report even more data to satisfy…
Hold Bank-Owned Life Insurance? Know the Tax Benefits and Pitfalls.
Purchasing permanent life insurance policies for key executives or other specific employees or directors is a common practice for banks and bank holding companies. Since it pays the premium up…
PCUA Welcomes RKL to Service Provider Alliance
Professional services firm offers assurance, advisory services for member credit unions HARRISBURG, PA – The Pennsylvania Credit Union Association (PCUA) is pleased to announce RKL LLP as a new partner…