Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
During the Great Recession, home equity lines of credit were quite popular with consumers—the majority of HELOC balances left at the end of 2013 were originated during this time. Those HELOCs created between 2005 and 2007 often had 10-year draw periods, which means the balances will come due soon. A study by TransUnion reveals these consumers may experience "financial" shock when their end of draw periods end. [8/11/14]
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