Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
Consumers are logging complaints about how difficult it can be to close a bank account. In addition, once an account is closed it may be reopened to make payments that can generate overdraft fees. The proposed bill would, among other things, allow a consumer to close an account, regardless of the balance, without a fee and prohibit a financial institution from reopening the account without the consumer’s consent. [10/14]
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