How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
CFPB adds Payday Lending Rule FAQs
The Consumer Financial Protection Bureau has posted several additional FAQs on compliance with the Payday Lending Rule. The FAQs are presented in three groups:
- Covered loans (22 questions, with 7 added or updated)
- Payment transfers (11 questions, with 3 added or updated)
- Payment notices (1 question, which was added or updated)