May 26 2022

NCUA Liquidates and Issues Prohibition Order

NCUA was busy over the holidays.  The $3.2 million First Hawaiian Homes FCU was liquidated and the assets, shares, and loans were immediately assumed by Molokai Community FCU.  The agency also issued a prohibition order against Brianna Lee Freel, a former employee of U.P. State Credit Union in Escanaba, MI.  Freel had pled guilty to embezzlement and false pretense and was sentenced to two years of probation and ordered to pay restitution of over $54,000. [1/4/16]

Risk Watch Plus Webinar 8: Complaint Management

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 is the AffirmX Platform?

Video 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

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Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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