Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
In 2015, the CFPB ordered a company that specializes in auto loans for servicemembers to pay redress and a civil penalty for illegal debt collection practices, including threatening to contact servicemembers commanding officers. Now the CFPB is fining the lender an additional $1.25 million for failure to refund more than $1 million to more than 1,000 consumers. [4/27/17]
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