January 17 2025

Embattled CU Sues To Stop Alabama Regulator’s Cease and Desist Order

Embattled CU Sues To Stop Alabama Regulator’s Cease and Desist Order

The $613 million Alabama One Credit Union has found itself in the news a lot lately and the news is not getting better. The embattled credit union has now filed suit to dismiss on technical grounds a cease and desist order just issued by the Alabama Credit Union Administration and affirmed by NCUA. The order calls for the replacement of the credit union’s CEO, COO and chief lending officer among other actions. See also here. [4/27/15]

Risk Watch Plus Webinar 8: Complaint Management

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 is the AffirmX Platform?

Video 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

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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