Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
A bank in Pennsylvania has been hit with a $115,000 penalty for telling a female applicant she would need to return to work before her application for a home equity line of credit would be approved. HUD points out that the Fair Housing Act makes it unlawful to discriminate on the basis of familial status, including denying a loan because a woman is pregnant or on family leave. [8/1/16]
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