May 26 2022

Claims of Smooth TRID Implementation? Not So!

Richard Cordray, Director of the CFPB,  says that implementation of the new TRID disclosures is going smoothly.  Not so, according to a recent report from Moody’s that found over 90% of the mortgage loans reviewed by third parties contained TRID compliance violations. The CFPB declined the request from credit union trade associations that had pushed for a safe harbor from liability period while credit unions and other financial institutions worked through the complex disclosure requirements. [12/14/15]

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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