On Feb. 24, 2022 the National Credit Union Administration (NCUA) released a statement warning credit unions of all sizes to be extra vigilant in their cybersecurity activities and maintain heightened awareness regarding the risks from Russian state-s...

Recently, the Federal Financial Institutions Examination Council (FFIEC) issued a new booklet in the FFIEC Information Technology Examination Handbook series. The new booklet titled “Architecture, Infrastructure, and Operations” will replace the ...

It’s easy to see why cybersecurity is one of the most critical issues businesses face today. All you need to do is look at the Internet or turn on the TV to learn about the latest data breaches and other cyber attacks. And it’s no surprise the fi...

Before 2019 came to a close, President Trump signed legislation to repeal the unrelated business income tax on certain employee transportation fringe benefits. Originally created by the Tax Cuts and Jobs Act of 2017, the unrelated business income tax...

Core system conversions can be one of the most-costly activities a financial institution undertakes. It’s a strategic decision that involves both cash expenditures and dedicated time from some of the organization’s most capable personnel. Given t...

On June 5, 2019, the Consumer Financial Protection Bureau (CFPB) announced  it had settled with Freedom Mortgage Corporation (Freedom) over Home Mortgage Disclosure Act (HMDA) violations. The CFPB found that Freedom, one of the ten largest HMDA repo...

The Federal Trade Commission (FTC) proposed amendments to two regulations in place under the Gramm-Leach-Bliley Act (GLBA). The regulations – the Safeguards Rule and the Privacy Rule – protect the privacy and security of consumer information held...

Business productivity and efficiency has quickly become revolutionized by the robust and flexible environment offered by the cloud.  As the “cloud” becomes a household name, it is important to understand not only the business strategies, technol...