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Georgia regulators closed Woodbury Banking Company, a small bank in Woodbury, Georgia. The one-branch, $21 million bank will reopen as a branch of United Bank. Cost to the insurance fund will be about $5 million. It's the fourth bank failure of the year. The trend of fewer bank failures each year continues since reaching its peak in 2010, when 157 banks failed. [8/22/16]
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