Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
Maybe not. Credit union directors should take note of a pending appeal in a prominent federal case that would lower the standard for liability for bank directors from “gross negligence” to “ordinary negligence.” If the appeal succeeds it means directors could be sued in situations where they believed they were acting in the best interests of the credit union—but, in hindsight, made a costly business mistake. [8/17/15]
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