March 2022 Regulatory Recap

March’s Regulatory Recap is now available. It contains important important news and updates from the regulators.  During March, the CFPB had quite a bit to say about fairness, discrimination, and junk fees.  Take a look, and let us know if you have any questions.  The FDIC published the latest issue of it Consumer Compliance Supervisory Highlights.  This is always a good read for executives and compliance staff.

During March, CSG Compliance Auditors Tricia Briggs, and Jodi Hampton have earned CRCM certifications from the American Banker’s Association. They are ready to help your Financial Institution get compliant! Get more information today!

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.

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