As part of our partnership with Global Compliance Systems (GCS), we get the pleasure of working with their arsenal of talent. Chris Kawula is an accomplished senior executive with broad general management experience in financial services. He has a deep understanding of retail networks, service providers and their unique compliance needs. It is this knowledge, experience […]
The New York State Department of Financial Services’ (NYDFS) new Cybersecurity Requirements for Financial Services Companies came into effect on March 1, 2017, with many transition dates for different requirements. By February 15, 2018, all covered entities must certify that they comply with the law. There is no time to waste. Covered Entities include any […]
The Consumer Financial Protection Bureau (CFPB) conducted a hearing Tuesday, June 2, 2016 to discuss small-dollar lending in Kansas City, MO. Richard Cordray, Director of CFPB kicked the hearing off with their newly proposed rules that, if put into effect, will certainly change the canvas of the industry. Cordray, went on to explain that the […]
The Compliance Management Portal just got a little better with some great, convenient new features. You can manage your compliance from anywhere on the web, be audit ready year-round and now enjoy… SPANISH TRAINING Training your staff can be a difficult and timely process and when English is their second language, it can be even […]
What is Required by the Bank? Usually the standard requirements to open an MSB account are: Business ownership documents Custom Anti-Money Laundering (AML) Program Federal and state licenses Permits Registrations What Things Work in Your Favor? Experience is what works most for a bank applicant. The more an applicant knows and the more prepared an […]
