August 8 2025

Hot Air: How the CFPB’s Payday Loan Report Overstates the Facts

Hot Air: How the CFPB’s Payday Loan Report Overstates the Facts

The finding that half of online borrowers are charged an average of $185 in bank penalties has been widely touted. But what that disregards is the fact that half of online borrowers did not experience a single bounced payment during the 18-month study. There are issues with the other two major findings touted by the CFPB, too. [4/25/16]

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.

We welcome your input. Contact us here.

Subscribe above to have a daily digest sent to your inbox. You may unsubscribe at any time.

Subscribe

Sign Up Today!

* required

*







*



Email & Social Media Marketing by VerticalResponse