Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
FTC chooses to sprinkle a little harsh reality on this day, of all days. It points out that consumers reported losing $201 million in romance scams in 2019, up nearly 40% from the year before. "The stories and feelings can be compelling, and the losses can be huge." Ouch. [2/14/20]
Losses to senior citizens from financial abuse are estimated to be $3 billion last year alone. Banks and credit unions are on the front lines when it comes to detecting and reporting suspected instances of abuse. At the same time, they have an obligation to protect the privacy of their customers and respect their wishes to conduct lawful transactions. Amy Wargo of CU Solutions Group presents how financial institutions can navigate this delicate balance through effective employee training. 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