January 26 2020

Top Ticket Items in FDIC’s April 2018 Enforcement List

Of the 35 enforcement orders released by the FDIC for April 2018, four included civil money penalties. What were the money penalty-inducing violations? One was for a pattern of flood insurance violations, one was for masking lending losses, another was for understating the allowance for loan and lease losses, and the largest ticket item ($140,000) was for paying the personal expenditures of the President/CEO without disclosure or authorization. Don't do these things. [5/30/18]

Risk Watch 153: What You Need to Know About Elder Financial Exploitation

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 is the AffirmX Platform?

Video 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

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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