AICPA’s Post

After the second wave of CECL adoption, credit union auditors need to establish an effective and efficient process to audit the CECL models that are fit for the size and complexity of the organization. Watch key highlights from the 2023 AICPA & CIMA Conference on Credit Unions. Join us in 2024 for more insights. https://bit.ly/3P1iRdc

After the second wave of CECL adoption, credit union auditors need to establish an effective and efficient process to audit the CECL models that are fit for the size and complexity of the organization. Explore crucial CECL components at the 2023 AICPA & CIMA Conference on Credit Unions. Be part of our 2024 event for more insights. https://bit.ly/3P1iRdc

Stay ahead of new standards and regulations at the AICPA® & CIMA® Conference on Credit Unions, surrounded by industry leaders and regulators. Gain expert guidance and a comprehensive view to drive your credit union forward. https://bit.ly/4eU5CXd

The Irish League of Credit Unions (ILCU), in collaboration with HOLMES’ MARKETPLACE ANALYTICS by RW Pierce is proud to announce an exclusive webinar designed for Credit Union CEOs, CFOs, COOs, Marketing Managers and Business Development Managers. Join us on Thursday, 15/02/2024, at 11 am to discover how the "Holmes Common Bond Analysis" platform can revolutionise your approach to common bond mapping and analytics like you have never seen before.   As the financial landscape evolves, so does the need for innovative solutions. The recent Credit Union Amendment Bill mandates a digital or descriptive common bond publication, presenting a unique opportunity for strategic enhancement. "Holmes Common Bond Analysis" offers unparalleled common bond analysis and market intelligence capabilities, ensuring your Credit Union not only complies with new regulations but also maximises its loan book potential.   Benefit from significant cost savings through collective purchasing and empower your Credit Union with data-driven decision-making. This webinar is a must-attend for leaders looking to navigate regulatory changes effectively and secure a competitive advantage.   Register now to secure your spot and transform your Credit Union's strategic planning and operational efficiency using the link below.   https://lnkd.in/ebMudVP6   #CreditUnion #Webinar #StrategicPlanning #RegulatoryCompliance #HolmesPlatform

We joined with CUNA to urge the CFPB and Director Rohit Chopra to follow proper processes concerning rulemaking efforts related to the Fair Credit Reporting Act and avoid a “rushed, inadequate rulemaking process.” More in Credit Union Times https://bit.ly/4a8eQNp

Tomorrow's the big day! If you're an executive at a currently CDFI-certified credit union, this webinar is for you! It's been a long time coming! Not only do we now have a clearer picture of what's required for the new certification qualification, but we've received an extension to ensure our credit unions' lending is in order! So where do you begin? Right here: https://loom.ly/qKXwPRc #creditunions #CDFIs

Reach out and grab the hand of consulting firms to get through the upgrading of your collection strategies. What else can smaller credit unions do to adhere to changing CFPB regulations? Share your thoughts! #creditunions #Debtcollection #collection #CFPB #debtcollectors #cedarfinancial

Financial promotions is a real area of focus for the #FCA. Leanna Bradshaw and I have written an article for the Consumer Credit Trade Association entitled 'Staying out of hot water: the FCA's continued focus on financial promotions'. We explain some of the key areas of focus and what firms should be doing next. If you want to read it, please visit: https://lnkd.in/dbdSMdTq #financialpromotions #consumercredit #regulation.

Yesterday was a day of learning and collaboration on the Consumer Duty! I attended two webinars/seminars, the Credit Services Association and the Consumer Credit Trade Association, where I joined a panel in London with Sarah Herbert and Mark Fiander to discuss and guide lenders on the forthcoming July Board papers required under the Duty. The key takeaway was that firms now need to prioritise the Duty, with the window of opportunity reducing every day. It's important for Consumer Duty Champions to coordinate workloads, but ultimately, it's a Board responsibility with accountability across the entire business. Let's work together to ensure a fair and transparent consumer credit market. #consumerduty #consumerdutychampion

Feeling overwhelmed by changing CFPB regulations? 💬 Smaller credit unions, we hear you! Staying compliant can be a challenge, but you don't have to go it alone. Ready to gain confidence and insights? Contact the experts at Cedar Financial today! https://lnkd.in/daZdubeu #CFPBCompliance #CreditUnions #ComplianceExperts #FutureProof #ComplianceHelp #RegulationsSimplified #CollectionsStrategy #Cedarfinancial #puttingpeoplefirst