FREDERICK, MD (September 12, 2014) –- A new online video in the Risk Watch series clears up any confusion surrounding the recent interagency guidance concerning the repeal of unfair and deceptive practices rules. While the proposal means that “institutions will no longer be given specific guidance on how to avoid unfair, deceptive, or abusive practices,” says Rebecca Drebin, AffirmX Analyst, in the video, “it has been made clear that there “would still be consequences for creditors engaging in any.” The video can be found here.
“The ‘Risk Watch’ video series is just one of the ways our team of experts is helping financial institutions proactively address compliance challenges,” said Ken Wolff, CEO of AffirmX, which sponsors the series. ”We encourage credit unions of all sizes to take advantage of these educational resources and contact us to learn more about our solutions.”
AffirmX provides automated risk intelligence solutions that help financial services institutions reduce risk management workloads, anxieties and costs. The AffirmX Risk Intel Center delivers accurate risk intelligence based on expert review of internal and external data sources through a query-based workflow engine. AffirmX enables clients to spend less time searching for issues and more time proactively remediating and mitigating risks so that they can focus on their core business.
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