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The Supreme Court has ruled that funds held in an “inherited IRA” are not protected from creditors in a bankruptcy proceeding. The Court’s decision states that while other retirement funds are considered exempt funds, IRA funds that are inherited by a beneficiary do not meet the ordinary definition of retirement funds and the beneficiaries do not have to comply with the same requirements as the original IRA owner. [7/22/14]
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