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NAFCU staff have sharpened their pencils and have calculated that the real cost of the proposed two-tier risk-based capital proposal is $760 million more than the cost of a one-tier system. NAFCU states that the much lower costs quoted by NCUA do not take into consideration the capital cushion that most credit unions maintain in order avoid prompt and corrective action consequences. [1/26/15]
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