"“Our regulatory environment in 2021 wasted no time in prioritising a renewed focus on fair lending and consumer protection from the selection of presumed new CFPB Director Rohit Chopra, to extending the protections of the Equal Credit Opportunity Act (ECOA) to cover LGBTQ+ Americans, all financial services institutions, FinTechs included, should scrutinise current practices to determine and mitigate their fair lending risk profile.” - Kat Sanchez, Director at Protiviti Welcome to Protiviti's Compliance Insights Newsletter, your monthly compliance news roundup that highlights changes in...
Hero Image Title:
View or Download Title:
(Offered in Conjunction With Protiviti’s The Bulletin, “Setting the 2021 Audit Committee Agenda”) To assist audit committees in their assessments of composition, agenda and focus, we have provided illustrative questions to consider in view of the company’s industry, circumstances, risks, financial reporting issues and current challenges. These questions are intended to be illustrative and do not purport to cover every topic the audit committee should consider, nor are they intended to be a one-size-fits-all list. Accordingly, audit committees should customise these questions to meet their...
Your monthly blog and industry news roundup - Highlights From Tried and True to Something New – the Energy and Utilities Industry Wrestles with Disruptive Innovation 1 To Thrive, Utilities Must Have a Data Analytics Strategy and a Business Intelligence Plan 3 Avoiding IoT Inertia in the Oil and Gas Sector Requires an IoT Strategy 5 Drastic Measures in the Oil Patch Helped Survival – But Can They Translate into a Sustainable Cost Management Programme? 8 From Tried and True to Something New – the Energy and Utilities Industry Wrestles with Disruptive Innovation 1 “Disruption”...
Your monthly blog and industry news round-up Pro-Growth Signs in Washington Present Opportunity for Power and Gas Capital Investments Power utilities trying to gauge what the future regulatory landscape will look like are likely getting frustrated with the political cacophony in Washington. Yet judging by legislative activities in Congress and some of President Trump’s executive orders to date, pro-growth and job-creation policies are clearly top-of-mind among the nation’s lawmakers. For organisations that have been putting off capital programme to expand or upgrade facilities and...
Your monthly blog and industry news round-up Retailers, Tech Firms and Financial Services Providers: It’s Time to Shape the Future of Mobile Payments — Are You Ready? The global mobile payments market is projected to reach US$780 billion by the end of 2017, according to research firm TrendForce. That figure seems impressive until you consider that the ability to pay for goods and services with a mobile device has been a reality for years. It’s been nearly a decade since Starbucks, one of the biggest mobile payments success stories to date, launched its app and rewards program. And recent...
Your monthly blog and industry news roundup - Highlights Digital Transformation Success Requires Looking Inward First and Never Wearing Blinders Retailers, Tech Firms and Financial Services Providers: It’s Time to Shape the Future of Mobile Payments — Are You Ready? Digital Transformation Success Requires Looking Inward First and Never Wearing Blinders To stay relevant in the digital economy, technology, media & telecommunications companies must evolve on two fronts: externally and internally. The trick is that they must do both in tandem — and many find this difficult. External...
Your monthly blog and industry news roundup - Highlights Manufacturers Are Upbeat About 2017 Business Climate Under New Administration Big Data Adoption in Manufacturing: Forging an Edge in a Challenging Environment Manufacturers Are Upbeat About 2017 Business Climate Under New Administration Four straight months of manufacturing job growth through March this year and a decidedly more pro-business climate emerging in Washington have given many manufacturers good reason to consider 2017 off to a good start. According to the National Association of Manufacturers’ (NAM) first economic...
Compliance Insights (Your monthly compliance news roundup - Oct 2016) In October 2016, the U.S. Court of Appeals for the District of Columbia Circuit issued a notable ruling in the case of PHH Corporation (PHH) v. Consumer Financial Protection Bureau (CFPB). In this case, PHH brought action against the CFPB in relation to a June 2015 CFPB final order related to Real Estate Settlement Procedures Act (RESPA) anti-kickback violations alleged by the CFPB. The CFPB had ordered the disgorgement of $109 million in reinsurance premiums related to mortgage insurance premiums charged to borrowers that...
Foreword As more organizations continue to evolve their risk governance practices, focused and relevant information about emerging risks is at a premium. The objective of Protiviti’s PreView newsletter is to provide an input for these efforts as companies focus on risks that are developing in the market. We view emerging risks as those that are newer to an organization or are the result of macro-level changes; therefore, we see these risks as distinctly different from evolving risks that have been previously identified and are shifting from their original conditions or risk levels. We realize...