Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
This article argues that most of the consumers that use payday lenders are truly “unbanked” because they don’t qualify for services from banks and credit unions. In an interesting twist, the article suggests that rather than looking for alternatives to payday loans, we should be looking at alternatives to the way in which these individuals are paid, perhaps allowing them to access their pay on a daily basis as it is earned. [4/2/15]
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