October 27 2020

HMDA Hot List: CFPB Spells Out What it Expects to See in an Effective HMDA System

HMDA Hot List: CFPB Spells Out What it Expects to See in an Effective HMDA System

What may have been lost in the news about the civil money penalties for the HMDA failings of two financial institutions is the real take-away for all financial institutions: CFPB issues guidelines on what it describes as being elements of an effective HMDA system, including internal pre-submission HMDA audits, reviews of regulatory changes, reporting systems, assigning individuals responsible for oversight and data entry, and employee training. [10/14]

Risk Watch Plus Webinar 8: Complaint Management

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 is the AffirmX Platform?

Video 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

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

We welcome your input. Contact us here.

Subscribe above to have a daily digest sent to your inbox. You may unsubscribe at any time.


Sign Up Today!

* required



Email & Social Media Marketing by VerticalResponse