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In the CFPB's adjustments to certain Reg. Z thresholds that take effect Jan. 1, 2017, the subsequent violation penalty fee of $38 is considered to remain unchanged from the 2016 penalty fee of $37, because the calculation that came up with $37 in 2016 was erroneous. Got it? Here's a rundown of what's changed and what hasn't in the annual TILA threshold adjustments. [6/21/16]
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