August 25 2019

CFPB Takes Two Payday Lenders to the Woodshed

Cash Tyme made unauthorized charges, failed to identify consumer overpayments, made harassing collection calls to third parties, made marketing calls to parties listed as borrower references, and much, much more! What's funner than a shady payday lender? How about an off-shore payday lender? NDG Financial misrepresented to U.S. consumers that its loan agreements were not subject to U.S. law and could therefore cause arrests, lawsuits, imprisonment, and wage garnishments. [2/12/19]

Risk Watch 151: Suspicious Activity Reporting and Business Email Compromise

Business email compromise (BEC) schemes are on the rise. In fact, with the number of Suspicious Activity Reports for BEC more than doubling since 2016, the Financial Crimes Enforcement Network recently issued three alerts on the subject. Here’s a quick overview of what BEC is, how you can identify it, and how it impacts your SAR filings. 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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