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CEO Kirk Drake reported that an announced public sale of the company’s assets was the result of a default by its largest client (not a credit union) that created financial difficulties for Ongoing Operations, a CUSO that provides business continuity services around the country. Drake stated that the company’s issues with its primary creditor have been resolved and that service to its 500 clients was not and will not be interrupted. [10/31]
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