Class Length: 13-minutes Featured Presenter: Karen Deis, Publisher, MortgageCurrentcy.com [Diva members receive a $100 discount on an annual subscription to MortgageCurrentcy.com. Email us now for the special link!]
So, way back in January 2013, the FFIEC published a "proposed" social media monitoring rule for financial institutions and non-banks that are regulated by the CFPB (Interpretation here: Mortgage Company & Mortgage Brokers).
Well, the "final" guidance went into effect on December 11, 2013, so MortgageCurrentcy.com sat down, read the proposed rule, compared it to the final version.
Here's what you'll learn in this class:
What is considered social media
Who the rules apply to
Which consumer laws you must comply with
Who should be part of the monitoring process
How to monitor your reputation
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