Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
The CFPB has raised the reporting threshold for collecting and reporting data of closed-end mortgage loans from 25 to 100 loans effective July 1, 2020. The threshold for open-end lines of credit is both rising and falling to 200 (rising from the 100 it had been originally, falling from the 500 it had been temporarily raised to in October 2019 – it's complicated). The open-end threshold change goes into effect Jan. 1, 2022. [4/17/20]
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