Links in “Banks”
- Bank Trade Groups Cry Foul Over NCUA’s FOM Proposal
Trade groups call the NCUA's proposal to loosen field of membership restrictions a "radical expansion" that poses a major threat to the viability of "taxpaying community banks from coast to coast." [1/21/16]
- Time for Subprime Credit Cards to Get Ready for Their CFPB Close-up
Subprime borrowers are getting more access to credit, which may seem like a good thing. Except the CFPB thinks those subprime customers are getting a bum deal and is planning on looking into the matter more closely in 2016. [1/20/16]
- What to Expect from the CFPB in 2016
Flinging dubious data to charge banks with discriminatory lending, lawyers targeting a 75% success rate, and more mission creep. Here's why more of the same in 2016 is not a good thing. [1/20/16]
- When You Love Star Wars Too Much
You can love Star Wars, but when you make Star Wars references your password, you may have officially crossed the line. Joining "123456" and "password" on the list of 2015's worst passwords are "starwars," "solo" and "princess." Here's the rest of the shameful top 25. [1/20/16]
- Where Exactly Does That SAR Go?
You investigate. You write your suspicious activity report. You click submit. Then what happens to your SAR? The Financial Crimes Enforcement Network, otherwise known as FinCEN, released its 2014 annual report of Suspicious Activity Report stats. It includes an overview of what happens to SARs after they are reported.
- TRID: Was All That for Nothing?
After the industry's huge effort to implement the CFPB's TILA-RESPA Integrated Disclosure rule, are homeowners actually using the new Loan Estimate to shop around for lenders with the best rates? Apparently not. [1/19/16]
- CFPB Seeking Input on Concerns About HMDA Privacy Issues
CFPB is seeking public input regarding concerns that new HMDA data collection points may go too far. [1/19/16]
- Wave of Mergers Coming Our Way?
Bank analyst says he expects the U.S. will experience a huge wave of mergers in 2016. [1/19/16]
- Bitcoiner v. Bitcoiner
Two camps attacking each other on the future of Bitcoin. Should it expand its commercial potential or protect its status as a radical challenger to existing currencies? And will Bitcoin survive the feud? [1/15/16]
- He’s Back
Outspoken critic of the student loan industry Rohit Chopra left the CFPB seven months ago and has resurfaced in a senior role at the Department of Education to "fix our broken student loan system." [1/15/16]
