Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
Five federal regulatory agencies jointly publish a statement addressing the fair lending risks associated with financial institutions who choose to offer only Qualified Mortgages. The agencies state that they do not find fair lending and Ability to Repay Rule incompatible, even if QMs are the only mortgages an institution chooses to make, "absent other factors" (like disparate impact, maybe?) [10/23]
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