New Risk Watch video addresses “Biggest Mistake To Avoid In Credit Card Advertising”
FREDERICK, MD (May 8, 2015) — A new online video in the Risk Watch series discusses the one biggest mistake made in credit card advertising that the CFPB has in its crosshairs right now. Analyst Rachel Osborn details this issue, as well as how to easily sidestep it. The video can be found here.
“It all comes down to the advertising of promotional rates on a credit card, and how grace periods could be impacted by payments,” Osborn said. “Now is the time to make sure your promotions are clear, because it’s clear the CFPB will be watching.”
AffirmX created the Risk Watch channel to help financial institutions easily understand and digest the latest developments in compliance regulation.
“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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