May 2023’s Regulatory Recap is now available here. It includes guidance on reopening previously closed deposit accounts, small business lending data collection, and others.

John Bley and Sarah Young will be attending the ACUIA’s 33rd annual conference in San Fransico, June 13 through the 16th. On Thursday, the 15th, John will be discussing third party risks during one of the break out sessions. You can learn more about John and Sara on our website.

We still have a few open slots on our 2023 audit calendar. If you are looking for a BSA exam, lending reviews, deposit reviews, or anything else, let us know.

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.