Six federal agencies have issues a final ruling on regulations to ensure credibility and integrity of automated valuation models. How could this impact your institution? Read more: https://lnkd.in/eUW5mGrN #creditunions #regulation #policy #agency NCUA
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Today six federal regulatory agencies, including the NCUA, issued a final rule related to the use of AVMs. Read more about the details of the final rule and how and when it might impact your credit union in today’s REGular blog! https://lnkd.in/eY5JKYZx #REGularBlog #VACUL
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Succession planning is crucial for financial institutions to ensure long-term stability and success. Why? Because these organizations often rely heavily on the expertise and leadership of individuals who've been at the FI for years/decades. The departure of a key person can lead to: 1. Operational disruptions - leading to delays and inefficiencies 2. Loss of expertise - skills and knowledge are not easily replaceable 3. Financial impacts - company underperformance following the loss of a key executive 4. Client confidence - clients may lose confidence when a prominent figure leaves Many prospective clients we talk to at Abrigo face "key person risk" because they use complicated and intricate excel based methods for CECL calculations or they don't have proper workflow checklists to ensure controls are in place and things aren't missed period over period. There is a better way, that helps to mitigate both key person and financial risk. Book an appointment to learn how. #successionplanning #financialinstitutions #banking #NCUA #creditunions #Abrigo #regulations #strategicplanning #boardmembers
The NCUA is accepting comments on a proposed rule related to succession planning at federally insured credit unions that was approved by the NCUA Board at its July meeting. For more information and to submit a comment, please go to: https://lnkd.in/eqHFqkRm .
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Opening paragraphs: "The Dodd-Frank Act directed the Commission to impose business conduct standards on swap dealers to reverse the caveat emptor nature of pre-crisis swaps markets. These business conduct rules promulgated by the Commission in 2012 include that swap dealers shall disclose to a potential counterparty material information that reasonably allows the counterparty to assess “the material incentives and conflicts of interest” the swap dealer may have before entering into a swap. Those disclosures “shall include…the mid-market mark of the swap.” The rule contains no exceptions to these disclosure requirements, despite strenuous objections to the requirements by some in the industry. But the no-action letter creates an exception to swap dealers disclosing their conflicts of interest and material incentives through the pre-trade mid-market mark for certain products as long as there is some transparency in pricing of those products. The no-action letter inappropriately shifts the burden of understanding swap dealer’s conflicts and incentives back onto counterparties, upending the Dodd-Frank Act’s intent."
Objection of Commissioner Christy Goldsmith Romero to No-Action Letter that Rolls Back Dodd-Frank Act Reforms and Removes Counterparty Protections: https://lnkd.in/e6ZpteQg
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My thoughts on the new IRS Regulations for brokers/exchanges https://lnkd.in/ehwy4jJs
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📉 Why is Local Government going bankrupt? More and more local authorities have been submitting section 114 notices in recent years. But what is a section 114 notice? Why are they becoming increasingly common? And how can data help us understand the phenomenon and stop it in its tracks? 💷 Our latest explainer blog runs through this worrying trend. Click in the comments to give it a read 👇 #localgovernment #section114 #bankruptcy
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Are you prepared for new changes coming to the Economic Crime and Corporate Transparency Act on 4th March? Read more about the changes in our latest article: https://lnkd.in/eQZRHH8a #EconomicCrimeandCorporateTransparencyAct #Registrar
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Simplified guide cancellation of fines and exemption of financial penalties.
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On March 6th, the DOL announced 2024 Compliance Error Penalties. Since 2015, federal agencies have been required to annually review the laws and regulations they enforce to adjust applicable penalties for inflation. Click to learn more. https://lnkd.in/gUj7rRs4
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The Truth About Taxpayer Money and the Pandemic Revealed Discover the shocking truth behind the pandemic and how taxpayer dollars are being exploited on an unprecedented scale. Learn the hidden agenda and its impact on society. Stay informed and protect your hard-earned money. #TaxpayerMoneyRevealed #PandemicExploitation #HiddenAgendaExposed #ProtectYourMoney #StayInformed #GovernmentCorruption #FinancialTruth #TaxpayerExploitation #PandemicImpact #BeAware
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Don’t miss the S&K 40 Act Blog’s latest update on the SEC’s regulatory agenda!
SEC Issues Updated Fall 2023 Regulatory Agenda. Click here to read the latest 40 Act Blog: https://lnkd.in/erD6P7-n.
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