Raji Sathappan

Mercadien Announces Executive Promotions; Names Ms. Raji Sathappan A Partner

The Mercadien Group is pleased to announce several promotions within the firm’s corporate leadership team. Ms. Raji Sathappan, CPA, MBA, CRCM, CAMS, a member of the Financial Institutions Services Group, is promoted to managing director of The Mercadien Group and principal in Mercadien, P.C., CPAs (the official titles of firm partners). Raji has been employed…

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Going on the Offensive in Risk Management & Compliance Monitoring

Regulatory guidance for banks has become increasingly forceful. Recent developments are making it clear that should is to be interpreted as shall. Financial institutions are working to establish compliance frameworks to meet these standards. It is critical that your organization develop a strategy for how to assess compliance with applicable guidance and enhance your enterprise…

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Tips for Complying With New HMDA Rules

Once again, banking compliance professionals are in full swing preparing for the new HMDA rules. This is the biggest change since the recent TRID rules that banks still are getting used to. HMDA/Regulation C remains one of the top three most-commonly cited laws/regulations by the regulatory agencies. In the years since HMDA was originally enacted,…

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What You Need to Know About Website Compliance and the ADA

Banks continue to receive demand letters from attorneys claiming that their websites are not compliant with the Americans with Disabilities Act (ADA) of 1990. Should you be worried? In this article, we will summarize the current situation on ADA so you can decide and prepare accordingly. Purpose of the ADA The ADA prohibits discrimination and…

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HMDA – Get It Right! The New Rules

The Home Mortgage Disclosure Act (HMDA)/Regulation C remains one of the top three most commonly cited laws by regulatory agencies. In 2010, Congress amended HMDA in the Dodd-Frank Act, which also transferred HMDA rule-making authority to the Consumer Financial Protection Bureau (CFPB). Dodd-Frank expanded the scope of HMDA with new data fields, including pricing information;…

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Lines of Defense – The Key Challenges in Integrating Control Activities

The current economic environment and significant risk events over the last few years have caused companies to maintain a renewed focus on the effectiveness of risk management. Substantial amounts have been spent on risk management activities and reorganizing companies to best manage risk in line with various frameworks and models. However, many companies now feel…

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Raji Sathappan New Flood Insurance Article Cover Story of NJBankers Magazine

The National Flood Insurance Act of 1967 and the Flood Disaster Protection Act of 1973 (FDPA), as amended, govern the National Flood Insurance Program (NFIP). Among other things, these statutes require the purchase of flood insurance on certain properties and make available federally subsidized flood insurance to owners and improved real estate or mobile homes located in special…

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Impact of New Flood Insurance – What You Need to Know

The National Flood Insurance Act of 1968 and Flood Disaster Protection Act of 1973 (FDPA), as amended, govern the National Flood Insurance Program (NFIP). Among other things, these statutes require the purchase of flood insurance on certain properties and make available federally subsidized flood insurance to owners of improved real estate or mobile homes located…

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Highlights of the FFIEC BSA/AML Manual Update

The Federal Financial Institutions Examination Council (FFIEC) recently made significant changes throughout more than a dozen sections of the Bank Secrecy Act and Anti-Money Laundering (BSA/AML) Manual, the first update in four years. All banks and third parties with relationships with issuing banks should take note of the update, which emphasizes the importance for such…

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The Evolution of Internal Audit and Impact of Activist Investors

In a fast-changing business environment, it is imperative that an organization’s internal audit department adapt and evolve in order to stay relevant to key stakeholders. In recent years, there have been major changes in corporate directors’ and managements’ expectations of internal audit — they are demanding far more from the function. There is no doubt…

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