Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
Some credit unions are considering arrangements under which they send employees to a health insurance exchange and then reimburse the employees for the cost of premiums with tax-free contributions. The IRS has ruled that these arrangements do not meet the requirements of the Affordable Health Care Act and could subject the credit union to a tax penalty of $100 per day or $36,500 per year per employee. [6/12/14]
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