Links in “Banks”

JPMorgan wasn't the only target of the group that breached its cyber defenses. Citigroup and Region were also targeted by what appears to be the same group, but those efforts failed. But hackers are a resilient lot, so they just kept moving on until they found somewhere they could get in. [10/9/14]

Anaheim, Calif.-based online lender used a subsidiary that originated the loans on a South Dakota Indian reservation to issue loans in Iowa that hit up to 169% on an annual basis. The tribal angle didn't fly with the Iowa Division of Banking, which revoked the license and hit the lender with $1.5 million in restitution of 3,400 loans to Iowans. [10/9/14]

Despite industry calls for a written Q&A, CFPB proceeds with its plan for only spoken Q&As on the new TILA-RESPA integrated disclosure rules. The third in the series addressed more than 30 technical questions. Here is a recap. In writing. [10/8/14]

When the country's biggest bank can get hacked, will consumers start feeling like it is time to put their money under a mattress? [10/8/14]

There are patterns of transactions that could suggest human trafficking and that could be detected by your AML system. If you aren't looking for them, the question may arise "How much human trafficking is being supported in your supply chain with your logo on it?" [10/8/14]

When it comes to fair lending, many institutions leave the picture of their performance incomplete—they know their own numbers, but they fail to give these numbers context based on a comparison to such factors as population, income, age, gender, etc. In this article, AffirmX EVP Ken Agle teaches that analyzing your fair lending data in the right conditions can allow you to make accurate assumptions and derive important conclusions. [10/7/14]

Walmart’s new digital account, GoBank, was thought to be the nine hundred pound elephant in the room when it debuted, but a closer look reveals that credit unions can still offer a better deal. [10/7/14]

Attorney General Eric Holder may have dominated the limelight, but it was this 41-year-old Justice Department attorney who quietly muscled the deals through behind the scenes. For Geoffrey Graber, it was personal. [10/7/14]

In Flagstar Bank's case, the CFPB effectively enforced certain loss-mitigation requirements of the new mortgage servicing rules for violations that occurred before the effective date using its UDAAP enforcement authority. [10/7/14]

While bolstering cyber security defenses at financial institutions remains vital, Microsoft is working on a different approach: taking over the infrastructure behind malware attacks. [10/7/14]