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The CFPB has announced that the asset threshold for determining reporting requirements under HMDA will remain at $44 million for reporting in calendar 2016. At the same time, the CFPB also announced that the threshold for exemption from the escrow account requirement for higher-priced mortgages under Reg. Z will decline from $2.06 billion to 2.052 billion effective 12/31/2015. [12/21/15]
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