Links in “Banks”

Part of sound social media training for employees is making sure they know that they are always representatives of their bank and should therefore not share anything they wouldn't want their employer or customers to see. Here are four other recommendations for social media training. [9/16/14]

The Financial Services Roundtable, a group headed by former Minnesota governor and now bank lobbyist Tim Pawlenty, has put the brakes on a campaign attacking the CFPB after some roundtable members, such as JPMorgan, Bank of America and Citigroup, objected. The banks did not wish to be seen as being part of an effort to antagonize the agency that polices them. [9/16/14]

US Bank learned the hard way that discrimination against Native Americans in lending doesn’t pay. In fact, it resulted in paying $11,490 as part of a settlement. [9/16/14]

NAFCU backs a bill containing a points-and-fees fix which the House is set to vote on today. [9/15/14]

Although many legitimate businesses might participate in such activities, a new FinCEN advisory lists potential "red flags" for credit unions to detect human trafficking or smuggling, such as the frequent exchange of small-denomination for larger-denomination bills by a customer who is not in a cash-intensive industry and multiple wire transfers (generally below $3,000 reporting threshold) sent from many different locations in the US to a common beneficiary in a city on the Mexican–United States border, among others. See also. [9/15/14]

The OCC's Thomas J. Curry told Senators that the condition of the nation's banks has improved since Dodd-Frank, but warns that supervisors need to remain vigilant to avoid a repeat of the financial crisis. [9/15/14]

Rohit Chopra, assistant director at the CFPB and the agency's student loan ombudsman chastised the industry for lack of data, lack of transparency, failure to provide adequate loan modifications, and faulty servicer payment processing. [9/15/14]

Apple has set itself up for success with its long-awaited entrance into the mobile payments field by making transactions secure, private and frictionless. Here's how. [9/15/14]

Although Colorado legislators approved a law to permit pot businesses to band together to form their own bank, there has been little movement toward making that happen. [9/15/14]

HSBC is the latest of 18 financial firms targeted by the Federal Housing Finance Agency for selling faulty mortgages to the agency before the financial crisis. Settlement amount? $550 million. [9/15/14]