December’s Regulatory Recap is now available here. The Regulatory Recap contains new inflation adjustments from the CFPB, proposed rules from the FDIC & NCUA, along with agency guidance.
Welcome to 2023 – the Year of the Question Mark. It seems that everyone is guessing what will happen – interest rates continue to go up, slow down, or decrease, the CFPB’s legal status, what new rules and requirements will be issued, and how long the aftereffects of Covid will last. No matter what, CSG is here to help. If you are looking for regulatory compliance auditing or consulting, we can help institutions of all sizes and locations. Contact us to see how we can help.
Please be advised that CSG provides financial services compliance audit and consulting services to our clients. The services that we provide include certain tasks that may be characterized as “law-related services” under Rule 5.7 of the Rules of Professional Conduct governing lawyers. Since some of our employees are lawyers with an active bar license but are NOT engaged in the private practice of law, that Rule requires us to make disclosures clarifying that the services we perform may be law-related services, but they are not legal services. Because they are not legal services, those services and our relationship will not be governed by the Rules of Professional Conduct that guide the client-lawyer relationship, such as rules applicable to privileged communications and prohibitions of conflicts of interest. Notwithstanding this disclaimer, we will continue to govern our relationship with you using reasonable ethical and professional standards that are expected to meet your expectations.