Financial Institutions

More than most industries, financial institutions and financial services companies face unrelenting public and regulatory scrutiny. Although the regulatory landscape may be shifting, Weaver clients know where they can turn for help in managing their risks, staying in compliance and maintaining public trust.

Weaver’s Financial Institutions Services professionals are widely known and respected for their understanding of the practical, day-to-day realities involved in managing banks, credit unions, mortgage companies, finance companies, non-bank lenders, insurance companies and collection agencies. Weaver combines in-depth industry knowledge with broad skills ranging from risk assessment, internal audit and IT security assessment services to the more specialized requirements of SOX, FDICIA, Model Audit Rule, FFIEC, CFPB and other regulatory requirements.

Key focus areas of the Financial Institutions Services group include:

• FDICIA (below or above the $1 billion threshold), Sarbanes-Oxley and the Model Audit Rule implementation and compliance
• Internal audits covering all financial and operational areas
• Interest rate risk and liquidity risk independent reviews
• Regulatory compliance reviews and preparedness:
  • Lending, deposit and other consumer regulatory compliance
  • Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance
  • Fair Lending compliance
  • CFPB evaluation and readiness
• Risk assessment and Enterprise Risk Management (ERM) implementation
• Federal Financial Institutions Examination Council Information Technology assessments
• Gramm-Leach-Bliley Act (GLBA) compliance
• IT controls and security assessments
• Financial statement audits
• Federal tax planning and compliance