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RKL Welcomes New Partner Barry M. Pelagatti to Firm Leadership

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RKL Welcomes New Partner Barry M. Pelagatti to Firm Leadership

RKL LLP today announced that Barry M. Pelagatti, CPA, has joined the firm as a Partner. Based out of the firm’s Radnor office, Pelagatti will lead RKL’s Financial Services Industry Group. “We’re proud to welcome Barry Pelagatti to the RKL leadership team,” said Edward W. Monborne, RKL CEO. “His reputation as a trusted advisor and business […]

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5 Keys to an Effective Vendor Management Program

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5 Keys to an Effective Vendor Management Program

By Randy Coneby, Principal, IT Audit From specialized projects to ongoing maintenance, financial institutions work with vendors to improve aspects of their operations and deliver products and services to customers. In doing so, these third parties gain access to secure systems and sensitive information, which can expose the financial institution and its customers to risk. […]

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Why Financial Institutions Can’t Overlook Fair Lending Compliance

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Why Financial Institutions Can’t Overlook Fair Lending Compliance

By Juliya Kofman Greenfield, Compliance Manager Fair Lending is a large umbrella category encompassing a number of laws and regulations enacted to prevent discriminatory behavior against consumers by financial institutions. Under statutes like the Equal Credit Opportunity Act (ECOA), the Fair Housing Act (FHA), the Community Reinvestment Act (CRA) and the Home Mortgage Disclosure Act […]

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Bank Secrecy Act: How Your Institution Can Prepare for Compliance Changes Ahead

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Bank Secrecy Act: How Your Institution Can Prepare for Compliance Changes Ahead

By: Marianne Drumm Senior Manager, Internal Audit Historically, financial institutions have been required to implement a Bank Secrecy Act/Anti-Money Laundering (BSA/AML) program based on four “pillars” in order to comply with Section 352 of the USA Patriot Act. To bolster the fight against money laundering and terrorist financing, the U.S. Treasury’s Financial Crimes Enforcement Network […]

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On the Compliance Radar: HMDA Changes and Increased UDAAP Scrutiny

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On the Compliance Radar: HMDA Changes and Increased UDAAP Scrutiny

By: Rosemary Ondeck, CFSA, MBA Principal, Internal Audit There are many regulations that apply to the financial services industry, but in early 2017 there are two areas of compliance that require closer attention from bank and credit union leaders: Home Mortgage Disclosure Act (HMDA) and Unfair, Deceptive or Abusive Acts or Practices (UDAAP). Neither are […]

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RKL Risk Management Announces New Hire

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RKL Risk Management Announces New Hire

RKL Risk Management LLC today announced the hiring of Juliya Kofman Greenfield as a Manager with the firm. In her new role, Kofman Greenfield helps financial institutions, banks and credit unions meet consumer compliance obligations through risk assessments, training and compliance performance reviews. Kofman Greenfield comes to RKL Risk Management with 10 years’ experience serving […]

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GTM Risk Management is Now RKL Risk Management

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GTM Risk Management is Now RKL Risk Management

Reinsel Kuntz Lesher LLP (RKL), Certified Public Accountants & Consultants, today announced the acquisition of Radnor, Pennsylvania-based GTM Risk Management, which will operate under the new name RKL Risk Management LLC. The transaction, effective October 1, 2016, positions the firm as a leading provider of risk management services for financial institutions, credit unions and businesses […]

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When It Comes to Regulatory Changes, There is No Rest for the Weary

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When It Comes to Regulatory Changes, There is No Rest for the Weary

By: RKL Risk Management Compliance Team If we’ve learned anything over the past decade of regulatory changes impacting mortgage lending, we’ve learned that no amount of time for implementation ever seems to be enough time. As we recoup from the TRID changes, we face the next round:  HMDA. The majority of the HMDA reporting changes […]

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