Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
NCUA announced yesterday that all 62 credit unions subject to fees for late filings of their first quarter 5300 Call Reports have agreed to pay the fines. Originally, NCUA had identified 104 credit unions as late filers, but 42 of those credit unions were able to demonstrate mitigating factors that affected the timing of their filings and NCUA agreed to eliminate the late fees. Individual fees ranged from $150 to $20,000. [8/6/14]
Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.
What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video