December 21 2024

Letter to Credit Unions Confirms Changes to Annual Privacy Notice Requirements

NCUA has issued Letter to Credit Unions 16-CU-03, which confirms that federally-insured credit unions no longer need to send an annual privacy notice to their members if they qualify for the newly-enacted statutory exemption. The exemption applies to credit unions that have not changed their privacy policies or practices since the member was last provided with a privacy notice and that do not share nonpublic personal information with nonaffiliated third parties. [1/26/16]

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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