When you partner with Confluent Strategies + Equifax, you get the very best compliance solutions and regulatory expertise. We design our solutions to withstand the highest levels of scrutiny, and we’re here to serve as an expert advisor if your organizational compliance is ever questioned. Benefits of streamlined compliance services Equifax offers a robust suite […]
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Resources tagged "Compliance"
Conveniently comply with required loss forecasting models. Banks and finance companies, how well are you adjusting to the Current Expected Credit Loss (CECL) accounting standard? Credit unions, will you be ready come January 1, 2023? We know it’s a big change having to project the expected loss for each loan at the time of origination, but […]
Recent legislative changes have resulted in many banks scrambling to adhere to new lending guidelines. COMMUNITY REINVESTMENT ACT (CRA)In March 2020, The Federal Reserve Board, the FDIC, and the Office of the Comptroller of the Currency issued a joint statement encouraging financial institutions to work with customers and communities adversely affected by COVID-19, particularly those who are low- and moderate-income. Read […]
A refresher: What is OFAC? The Office of Foreign Affairs Assets Control (OFAC) is a financial intelligence and enforcement agency within the U.S. Department of Treasury that administers and enforces economic and trade sanctions to support U.S. national security and foreign policy objectives. To that end, OFAC publishes lists of sanctioned countries, regimes, companies, groups, and individuals. […]
Avoid costly fines and a damaged reputation In today’s volatile marketplace, organizations face many challenges—including the need to comply with various regulations while attempting to better assess account risk and minimize exposure and losses. Enlist Confluent Strategies and Equifax to help you build out stronger Know Your Customer (KYC) and Anti-Money Laundering (AML) programs. We […]