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The OCC approved the rescission of 2013 guidance entitled Supervisory Concerns and Expectations Regarding Deposit Advance Products. The OCC sought to align requirements with those mandated by the CFPB and avoid conflicting aspects. The OCC voiced concerns regarding the product guidance and emphasized continued encouragement to offer responsible products that meet credit needs of consumers. [10/6/17]
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