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HomeStreet Bank in Seattle settled with the FDIC for $1.35 million for RESPA violations. The bank entered into co-marketing agreements and rental arrangements, which are not of themselves illegal when they are in line with fair market values. In this case, however, the arrangements were in excess of fair market value, with the excess used for referrals of mortgage business. [11/8/19]
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