July 1 2025

Credit Union Commits a Costly Mistake

Ft. Worth City Credit Union thought it had a clear cut case when it discovered $500 missing from a member’s account. The credit union believed another member, Mike Martinez, a law enforcement officer, had fraudulently withdrawn the funds. Martinez was arrested and fired from his job. Unfortunately, the credit union later discovered the withdrawal was due to a clerical error. Martinez, who has been reinstated, is now suing the credit union and two executives for $1 million. [3/6]

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

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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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