July 24 2024

New Report Slams ChexSystems and Early Warning System

A report from the National Consumer Law Center and Cities for Financial Empowerment accuses the consumer reporting agencies (CRAs) like ChexSystem and Early Warning System of preventing millions of Americans from obtaining banking services. The report authors claim that the CRAs often mistakenly identify the victims of identity theft or scams as the perpetrators of the fraud, which causes financial institutions to deny their new account requests. The report also states that the CRAs use inconsistent definitions of what constitutes fraud, account abuse, and other negative events, including when to report them. [10/21/15]

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

About Risk InboX

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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