Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
CFPB's scathing report on payday lending released that finds that 80% of payday loans default and/or are rolled over or renewed. 60% of all payday loans borrowers have fees and expenses that exceed the amount borrowed. This means that 20% of payday borrowers, many of whom are elderly or on disability, and are essentially trapped in the payday debt cycle. [3/25]
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