Ethics: a: moral principles that govern a person’s or group’s behavior. b: the moral correctness of specified conduct. c: the branch of knowledge that deals with moral principles So how do you start transforming your “have to” (compliance) culture into a “should do” (ethics) culture?
Monthly Archives: October 2013
Compliance: a : the act or process of complying to a desire, demand (unpleasant), proposal, or regimen (unpleasant) or to coercion (unpleasant) b : conformity (unpleasant) in fulfilling official requirements (unpleasant) Compliance. Just the word is unpleasant, and if you look at the definition (above) you will see a plethora of unpleasant words that come together to create its […]
At just about every gathering of compliance professionals I have attended, representatives from government agencies stand in front of the room and talk about the importance of the public/private partnership. They talk of leniency for companies that self-report. They also talk of the pain you will feel if you uncover an issue, don’t report and […]
Welcome to our Weekly Round Up! This week’s topics include: the White House’s pursuit of protecting online consumer privacy; mitigation of cybersecurity risk through a combination of GRC and security management; keeping the CFPB & FTC at ease with strict F&I compliance enforcement; and how the FTC’s lifeguarding of Big Data could be industry disruptive.
It has finally happened. The SEC announced, very quietly, their largest whistleblower payment under Dodd Frank of $14 million this week. Probably not the best PR move given the federal government shut down the same day putting 800,000 employees out of work.
There are many things we should be afraid of: cruise ships with no lifeboats, lutefisk (most Scandinavian fish dishes for that matter), nervous surgeons and above all, clowns. For Auto dealers, the CFPB does not need to be one of those fearful things. Yes, the CFPB is actively working to subvert the auto dealer exemption […]