Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
Far from laying low, the CFPB is going full-steam ahead. It has hit CitiFinancial Servicing and CitiMortgage with $28.8 million in fines and restitution for how they handled borrower foreclosures. Specifically, they did not treat a deferment as a request for foreclosure relief options, as required by CFPB mortgage servicing rules, RESPA, FCRA, and Dodd-Frank's prohibition against deceptive acts or practices. [1/24/17]
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