Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
FinCEN has identified Income tax refund fraud as its number one scam and says that credit unions and other financial institutions are key to identifying and stopping this kind of fraud. This article identifies the red flags to watch for and FinCEN recommends if tax refund fraud is suspected that the credit union should not only file a SAR, when applicable, but also alert its local IRS Criminal Investigation Field Office. [1/25/16]
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