Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.
What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.
Deposit insurance. FDIC approved two final rules impacting deposit insurance assessments: one to increase initial base deposit insurance assessment rate schedules uniformly by 2 basis points; and one to incorporate the new troubled debt restructuring accounting standard.
Climate risk. Treasury’s Federal Insurance Office proposed climate-related insurance data collection requirements; HUD published a Community Resilience Toolkit. (See Regulatory Alert, here)
Enforcements. Public actions by CFPB for UDAAP violations related to fees and fee increases charged by a payments platform; FTC for UDAP and ECOA violations related to add-on fees in car purchases. New “Enforcement and Penalty Guidelines” from Treasury’s CFIUS (Committee on Foreign Investment in the United States).