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  • Blog
    Australia’s Responsible Lending Reforms: A Step in The Wrong Direction
    Australia’s lending standards and responsible lending practices have been prominent topics amongst banks and regulators in recent years, with potentially broad implications for both lenders and borrowers. Based on the critical issues raised by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission) in 2019 and the recently…
  • Blog
    Recharging Your Agile Transformation
    The seismic shift in project management functions from administrative to a consultative business partner is helping organizations transform across the enterprise and all areas of the project life cycle. In many companies, these transformational efforts are progressing well, coordinated by new lean-agile program management office (PMO) leaders. But for others, transformation is still out of reach.…
  • Blog
    CFPB Provides Further Guidance on MSAs Under RESPA Section 8
    The Consumer Financial Protection Bureau (CFPB) issued a compliance aid in October 2020 to provide regulated entities greater clarity around the Real Estate Settlement Procedures Act (RESPA) and certain provisions of Regulation X. The compliance aid, presented in the form of Frequently Asked Questions (FAQs), focuses on RESPA Section 8, which prohibits certain actions related to federally related…
  • Blog
    FinCEN and OFAC Put Financial Institutions on Notice About Processing Ransomware Payments
    The U.S. government has officially put financial institutions on notice: It is watching and may impose anti-money laundering (AML) sanctions on payment facilitators if they violate federal laws on engaging in transactions, such as ransomware payments, with sanctioned individuals or entities – intentionally or otherwise. For as long as ransomware incidents have occurred, the controversial issue…
  • Blog
    SolarWinds Vulnerability Update – Indicators of Compromise and Recommended Actions
    The news of the cyber attacks being experienced by government agencies and an expanding list of organizations continues to grow and change on almost an hourly basis. This is proving to be potentially one of the most significant cyber breaches in recent times. Following up on our December 14, 2020, Flash Report on the CISA advisory, and in response to numerous questions and inquiries we continue…
  • Blog
    A Farewell to Paul Sarbanes
    Almost four years ago, I wrote a blog, “A Farewell to Michael Oxley,” paying tribute to the former Republican member of the U.S. House of Representatives who died on January 1, 2016. Today, it is fitting that we issue another farewell. On December 7, the family of Paul Sarbanes announced the death of the former Democratic senator the previous day. Together, these two men co-authored the landmark…
  • Blog
    PPP 2.0 – A Renewed Opportunity (and New Set of Headaches) for Lenders
    As the old saying goes, the best deals are made when neither side gets exactly what it wants. By that standard, the most recent federal pandemic relief bill that finally passed into law in late December certainly qualifies as a great deal. Democrats who for months had been seeking a bill in excess of $3 trillion were certainly disappointed by the final price tag of slightly more than $900…
  • Blog
    SPACs Are Hot But Be Well Prepared – The SEC Is Watching
    The prevalence of Special Purpose Acquisition Companies (SPACs) has expanded dramatically over the past year as organizations capitalize on a more streamlined path to public ownership. But key steps still must be taken and regulatory requirements still must be observed to protect shareholders. The U.S. Securities and Exchange Commission (SEC) is watching, and SPAC sponsors need to be ready for…
  • Blog
    Pandemic-Driven Issues Complicating Tech CFOs’ 2021 Spending Decisions
    Even for high-growth technology companies that performed fairly well during the last 12 months, 2021 capital-spending decisions are being made with significant restraint and apprehension. The ongoing rollout of promising COVID-19 vaccines notwithstanding, the pandemic’s far-reaching effects on consumer behavior, the labor market, wages, office space, technology and supply chains, to name a few,…
  • Blog
    U.S. Addresses Long-Standing Gap in its AML Compliance Regime
    On January 1, 2021, the U.S. Senate voted to override President Donald Trump’s veto of the National Defense Authorization Act for Fiscal Year 2021, a legislative package that includes the Anti-Money Laundering Act of 2020. The passage of the AML Act closes one of the biggest gaps in the U.S. anti-money laundering regime and moves the United States toward compliance with international AML and…
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