November 28 2020

CFPB Seeks Action Against Online Lender

CFPB Seeks Action Against Online Lender

The CFPB announced actions against an online lender, Integrity Advance, LLC, and its CEO for deceiving consumers about the cost of short-term loans in failing to disclose the costs consumers would pay under the default terms of the contracts as well as unfair practices involving the creation of checks used to debit consumers’ bank accounts even after the consumers revoked authorization for automatic withdrawals. The action to file will now go before an independent Administrative Law Judge within the Bureau for ruling. [11/20/15]

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.

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