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Using a combination of fictitious accounts and member accounts, a former credit card clerk for the $71 million International Brotherhood of Electrical Workers/United Workers FCU stole more than $219,000 over an eight year time frame. In her position as a credit card processor, Kathryn Lawson-Seely, was afforded substantial discretionary judgment without adequate checks and balances in place. [6/6/14]
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