Risk Factors Update Summary
- Added risks related to misclassification of independent contractors, potential reclassification costs, and operational risks from third-party vendors.
- Increased liquidity risks associated with sourcing funding from the Federal Home Loan Bank.
- Enhanced risks related to model errors, limitations, and misuse impacting financial loss or regulatory impacts.
- Added risks related to privacy and security laws, noncompliance consequences, and potential adverse effects on business operations.
- Expanded risks related to maintaining effective information systems, cyberattacks, and regulatory compliance costs.
- Added risks related to failing to meet corporate responsibility, ESG standards, and evolving regulatory expectations.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=320335&owner=exclude
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