Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
HUD maintains the current standard for rural/lower cost areas at $271,050, but reduces the limit approximately 650 counties from the then $729,750 to the new $625,000. Past increase was part of Economic Stimulus Act of 2008 designed to encourage lending. The bump was scheduled to originally drop in 2009, but allowed to roll-over for 4 years. Apparently, all good things must come to an end. As in 1/1/2014. [12/9]
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