Links in “Compliance Tips”
- $7.5M Later: A Laundry List of How Not to Collect Debt
The Federal Trade Commission hits Consumer Portfolio Services (Irvine, CA) with $5.5 million settlement for violations of the FTC Act and another $2 million in civil penalties for violations of the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. Here's a laundry list of how not to collect debt. [6/4]
- Why More Compliance Examinations â Not Fewer â Could Actually Help Your Financial Institution
AffirmX's EVP Director of Risk Management Ken Agle explains why an ongoing series of more frequent compliance reviews can help keep your institution on par. [6/3]
- Risk Watch 14: How to Prepare for the New Cybersecurity Exam
The FFIEC recently announced the addition of a cybersecurity risk assessment to regular IT examinations. Join Jesse Boyer to learn how your institution can prepare for these exams which are beginning later this year. [5/22]
- So. California Company Offers Textbook Case in How NOT to Collect Debt
Pretending to be process servers, threatening consumers with lawsuits, wage garnishment, seizure of property and arrest, disclosing info about debts to employers, colleagues and family members -- Asset Capital and Management Group in Southern California ran the gamut. The first was ordered to pay $90.5 million, will settle for more than $4 million. [5/22]
- 10 Slices of the Complete IT Security Pie
Individually, these 10 techniques may sound like no big deal. But together, they make a well-rounded, layered approach to a strong security foundation. [5/22]
- Consumer Tips for Financial Preparedness in a Natural Disaster
Physical safety and well-being comes first, but a financial preparedness plan will go a long way to expediting recovery from a natural disaster. ICBA offers several tips for consumers. [5/21]
- Your Top Five BSA Questions Answered
AffirmX's Senior Analyst Coppelia Padgett answers the top five most common BSA questions we received after participating in an NCUA BSA webinar. See if your burning BSA question made the list. [5/20]
- Risk Watch 13: Top Five Website Compliance Mistakes
Does your website make any of these top five errors? Find out in this episode of Risk Watch. This video describes the top five website compliance mistakes that AffirmX Analyst Dustin Stanley sees in his reviews for financial institutions throughout the country. [5/19]
- CFPB: A Phoenix from the Ashes
Richard Cordray reflects on past financial hardships that resulted in the creation of the CFPB in 2011 and the adoption of a âcompliance culture.â [5/12]
- NCUA Releases Spanish-Language Share Insurance Estimator
On Cinco de Mayo, the NCUA announced the release of its Spanish-language version of the Share Insurance Estimator. [5/12]
