Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
The CFPB is working with a company using alternative data, such as employment history and borrower education, to evaluate the effectiveness in establishing the creditworthiness of applicants who might otherwise be "credit invisible." Early results as promising, with approvals of 27% more applicants than the traditional model and 16% lower APRs for approved loans. [8/7/19]
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