Links in “Banks”
- Facial Verification Expected to Make Significant Impact by 2017
With a growing number of consumers who think and act in a "mobile-first" way, expect to see facial recognition technology a part of identity validation by 2017. [7/17/14]
- Warn Your Members about Hotel Business Centers
Computers at hotel business centers, where security measures are often very lax, have become the latest target of cyber thieves. Criminals recently installed keylogging software at multiple hotel locations in the Dallas/Ft. Worth area that captured usersâ every key stroke, including logins and passwords. [7/17/14]
- Post Office to Team with Credit Unions and Banks?
Among the ideas being considered for offering banking services through the U.S. Postal Service is having post offices team up with their closest community banks and credit unions. [7/17/14]
- Ocwen Creates Community Advisory Council
The nation's fourth largest mortgage servicer has created a "Community Advisory Council" to provide a forum for Ocwen and community advocates to share ideas on those areas hit hardest by the economic downturn. [7/17/14]
- House Measure Demonstrates Loosening of Anti-Marijuana Sentiment
In a largely symbolic move, the House rejects a measure that would have blocked the Treasury Department from implementing guidance to banks in February on dealing with marijuana-related businesses. [7/17/14]
- FDIC: Can I Have Yo Number(s)?
Just a friendly reminder that Call Report data for June 30, 2014 must be turned in to the FDIC by Wednesday, July 30, 2014. Take a look to make sure you are submitting everything correctly. [7/17/14]
- Dodd-Frank’s 4-year Tab
Group estimates the costs of the 398 new regulations imposed by the act at $21.8 billion and 60.7 million in paperwork burden hours. [7/16/14]
- Costs of FHA Compliance Has JPM Thinking Twice about Its Participation
JPMorgan's CEO Jamie Dimon says the bank, the nation's second largest mortgage lender, is rethinking its participation in Federal Housing Administration mortgage programs, in light of its recent $614 million settlement. [7/16/14]
- Banker’s Testimony to House: Regulatory Burden Has Increased Tenfold
ABA's vice chairman, who is also a CEO of a bank in Georgia, testifies before House Subcommittee on Financial Institutions and Consumer Credit that the regulatory burden on community banks has increased tenfold over the past decade and that Congress must move from good intentions to actions in reducing regulatory burden on smaller institutions. [7/16/14]
- The Latest from the FDIC: Ratio Changes for Deposit Insurance
The FDIC proposed new changes that would affect the regulatory capital rules, capital ratios and ratio thresholds, the assessment base calculation for custodial banks, and more. [7/16/14]
