Husch Blackwell Financial Services & Capital Markets Industry Group’s Post

Did you know that starting January 2024, as a business owner, you may have to submit a report to the Financial Crimes Enforcement Network of the U.S. Department of Treasury? 📝✅ This report is called a Beneficial Ownership Information report and you’ll get all the insights you need about this new reporting change when you dive into this article.💡➡️ Check it out right here: 🔗 https://hubs.la/Q02hbQ8B0 #RochesterMN #CreditUnion #BusinessOwners #ComplianceMatters #FinancialTransparency #StayInformed

Unexpected situations that require immediate financial resources will arise. However, a financial professional will help develop a strategy for creating an emergency fund and determine the appropriate amount to set aside. Learn more: https://hubs.ly/Q02q2qkg0 #TravisFinancialServices #TFS #FinancialAdvisor Travis Financial Services is not insured by NCUA or any other Government Agency, Not Credit Union Guaranteed, Not Credit Union Deposits or Obligations, & May lose value. For more information, please visit https://hubs.ly/Q02q2nQ70

Yesterday, the Consumer Financial Protection Bureau (CFPB) took a strong step to restore the balance between American families and big financial institutions by introducing a new overdraft rule to prevent banks from profiting from our financial insecurities. At the Institute, we support this step as a measure that would protect all Americans, including many Hoosiers, from what amounts to exorbitant short-term credit. Director of the Institute and Hoosiers for Responsible Lending Co-Chair, Erin Macey, Ph.D., said, "As a proud leader in the fight to protect Hoosiers from financial drains, we are excited about this proposed rule. We believe that Hoosiers should not face overly punitive fees when they are already struggling to make ends meet." Be the first to know about breaking news and our public statements on policies by subscribing to our email list at https://lnkd.in/g-4FtwSc #CFPB #FinancialPlanning #FinancialProtection #overdraftfees #overdraft

Elevating standards for those at the forefront 🌐. With some of our credit unions recognized as Public Interest Entities and Systemically Important Financial Institutions (SIFIs), the call for modern and comprehensive guidance has never been clearer. This recognition underscores their pivotal role in our financial ecosystem and the collective responsibility to ensure their stability and integrity. #FinancialLeadership #SystemicImportance #GuidanceForGrowth

Among the riskiest public financial firms in the world, there were 11 increases and 9 decreases in KRIS® 1-year default probabilities today https://lnkd.in/eYfKBYY #credit #creditrisk #creditratings #bonds #corporatebonds #IFRS9 #riskmanagement @SASSoftware

As financial frauds rise, so does the urgency to safeguard your savings. Don't let a moment of unawareness turn your smile into a frown. Stay informed, stay secure. . #financialservices #hasslefreelive #microfinance #nbfcmfi #microfinanceloans #financialgrowth #smallloan #msmeloan #womenempowerment #loanforbusiness #quickloan #EasyDocumentation #HassleFreeLoans #financialliteracy #financialknowledge

Thrilled at the news of Matthew Connolly seeking $150mn from the bank after exoneration in the rate-rigging case! It's a remarkable turn of events that highlights the importance of accountability and justice in the financial sector. Predict that this case will set a precedent for holding financial institutions accountable for their actions and encourage more victims of wrongful accusations to seek restitution. Commentary: - This outcome should serve as a warning to banks to uphold ethical standards in their practices - It showcases the power of standing up against injustice and fighting for what is right. - The impact of this case goes beyond monetary compensation; it signifies a victory for truth and integrity in the financial industry. As we celebrate this victory for Matthew Connolly, let's also remember the importance of fairness and transparency in all aspects of our work. Here's to a future where justice prevails! #financialjustice #accountability #fairness

As the saying goes: If it sounds too good to be true, it probably is. Ponzi schemes are one such financial fraud tactic, that you need to beware of.  Don't let their flashy promises of high returns fool you! Read the post to learn how to spot and avoid these financial traps before it's too late. #Financialfraud #Ponzischeme #Money #Investing #Scam #NFO

Would you call yourself small-minded? At First Commonwealth Federal Credit Union we do, because small-minded banking is about prioritizing our members' financial resilience above everything else. Learn more at https://lnkd.in/eV-xphVe

Heads up! Two House Financial Services Committee hearings are coming up next week. Nonbanks should tune into the second hearing, focusing on FSOC's new "analytic framework." This framework could make it easier for nonbank entities or activities to be considered systemically important. As we keep an eye on this, it's worth noting that the SIFI designation threat will strengthen the hands of functional regulators. Stay up to date! #finance #regulation #nonbanks