Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
Where do the civil money penalties imposed by the CFPB go? The Government Accountability Office reviewed the bureau's handling of the penalty fund and found that of $139 million in civil penalties collect, $31 million went to compensate victims, $13.4 million for consumer education, $1.5 million for administrative expenses, leaving $93 million in unallocated funds. [8/1/14]
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