Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
Over the life of a loan, the discretionary spread that Toyota dealers applied to loans ended up costing African-American borrowers $200 more and Asian borrowers $100 more than their white, similarly situated non-minority counterparts. That doesn't make the CFPB happy. Toyota is looking at $22 million in restitution and implementing new caps on dealer markups. [2/3/16]
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