Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
At least for one lender, the answer is yes, it will continue to offer interest-only loans, even after the CFPB's Qualified Mortgage rules go into effect Jan. 10. Bank of the West, based in San Francisco, says that it has reviewed its underwriting criteria and feels comfortable that its borrowers have the ability to repay the loans once the interest-only period has expired. [1/7]
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