Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
OCC seeks to nail down the definition of "true lender." Apparently it needed nailing down in this era of marketplace lenders. Here it is. Ready? A bank is the "true lender" if, as of the date of origination, the bank is named as the lender in the loan agreement or funds the loan. State regulators are not happy with the Federal angle on a matter that it believes should be a state matter. [7/22/20]
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