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The defendants told homeowners they could get at least $75,000 on their homes through mass joinder lawsuits, which combined hundreds of consumers in the same matter. But unlike a class-action lawsuit, in the event of a trial, each plaintiff in a mass joinder suit would have to provide his or her case separately. The defendants never prevailed in such a case. However, they did collect more than $18 million in fees along the way. [9/21/17]
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