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NCUA files lawsuit seeking a $6.9 million judgment against two more individuals involved in embezzling funds from St. Paul Croatian FCU. The defendant and his wife allegedly set up six businesses in order to obtain fraudulent loans from the credit union. The defendant also paid $20,000 in kickbacks to the former CEO, who is now serving a 14-year sentence in a federal prison. [11/22]
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