SAN ANTONIO-As the compliance burden on credit unions continues to grow, San Antonio CU has created the SACU Risk Advisory Services (RAS) department, which is charged with regulatory and legal monitoring, loss prevention, internal audit, operational quality control and government relations.As of July 1, 2011, the SACU Risk Management and CUFBL Compliance functions were integrated into the new department.
Executives at three regional banks that are participating in a tokenized-deposit network discussed how they are retooling their risk practices to fit always-on conditions.
During a court hearing Tuesday, appellate judges expressed skepticism about a Colorado effort to cap the rates on consumer loans that out-of-state banks make to Coloradans.
The Securities and Exchange Commission kicked off rulemaking intended to make it easier for crypto firms to raise money without having to go through the full securities registration process.
Eight pleaded guilty in an $11-million scheme that changed or invented business registry records, then opened accounts as the payee at about 30 institutions.
With recent changes to tax law, non-grantor trusts have become attractive vehicles for gaining tax efficiencies, such as when making charitable contributions.
The stablecoin technology firm and about two dozen companies have joined to standardize authorization and other risk management for agentic commerce.
