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A compliance officer's tidy tips for growth in a messy regulatory environment
A compliance officer’s tidy tips for growth in a messy regulatory environment For credit unions of any size, navigating an increasingly complex regulatory environment takes time, attention and resources. The investment gets even bigger and more expensive when compliance issues arise. In fact, according to a CUNA-commissioned study by Cornerstone Advisors, the combined effect of increased costs and reduced revenue due to regulation amount to at least $6.1 billion in financial impact to credit unions. As chief compliance officer for a banking technology provider and former credit union compli...
Source: cuinsight.com