Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
Advertisements from independent service organizations for Mid America Bank & Trust (Missouri) contained several false representations to consumers. Last year, the Federal Reserve Board ordered Mid America to pay $5 million in restitution payments to nearly 21,000 affected cardholders, as well as to thoroughly reevaluate and improve its compliance program. Here is what to take away from Mid America's mistakes. [4/23/18]
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