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Regulatory Compliance

Fintechs and BaaS banks must ensure that their products and services comply with consumer protection laws. Organizations operating in the BaaS eco-system face challenges and increased regulatory scrutiny regarding their compliance with consumer protection laws.

BERCLA Consulting professionals have examination-tested expertise and experience to help fintechs and BaaS banks develop and implement compliance programs that meet regulators expectations.

We assist fintechs and BaaS banks with a wide range of regulatory compliance services including:

  • Implementation of policies and procedures
  • Review of new or existing products and services to ensure compliance with consumer protection laws.
  • Review of marketing materials for compliance with UDAAP and other applicable laws.
  • Review of fintech terms of service, terms and conditions, disclosures and website for compliance with UDAAP and other applicable laws.
  • Development and implementation of a complaint management program.
  • Development and implementation of error resolution program.
  • Development and implementation of ongoing compliance monitoring programs (monitoring reviews and statement testing).
  • Implementation of information security and privacy requirements.
  • Implementation of effective compliance training programs