Links in “Banks”

Amidst the flurry of daily activity, we noticed today that we had blown by our first-year anniversary without pausing to note that fact. Our first post was published on 5/11/2013, when Risk InboX was known as NB Hot List. Since then, there have been 2,342 posts (this makes lucky number 2,343) covering pretty much everything of note under the risk watch sky. Thanks to all our contributors, who arise early each business day and scan dozens of sites looking for those items that you might find useful and passing them along with a little note about what makes it noteworthy. Also, thanks to you, our readers, for dropping by each day. We enjoy keeping up on all things compliance with you. If you haven't already, celebrate our anniversary with us by subscribing using the form on the right. All right, enough reminiscing. Time to start working on the next 2,342 posts... [6/6/14].

Bank of America is in talks to settle civil probes by the Department of Justice for somewhere in the $12 billion neighborhood, $5 billion of which is expected to go to consumer relief. [6/6/14]

Regulators are investigating to see if large banks are attempting to sidestep rules required by Dodd-Frank by shifting trade swaps to overseas. [6/6/14]

Former Georgia community banker pleads guilty to fraud for his role in the June 2012 failure of a bank, where he was accused of embezzling more than $21 million. He left a suicide note saying he planned to jump off a high-speed ferry, and when his body could not be found, he was declared dead. He was later arrested after a traffic stop in Georgia. [6/6/14]

A reporter in Los Angeles spends a day in the city navigating his way through as the unbanked might. [6/6/14]

Sam's Club is rolling out this month a credit card with a microchip to prevent fraud, the first major retailer to make the switch to the embedded chip since the Target breach last year. [6/5]

When it comes to the effort to streamline burdensome regulations, ICBA points out that regulators hands are frequently tied by statutory requirements. The trade group appeals to members of Congress to act on pending regulatory relief legislation. [6/5]

A look at the changes in Biggert Waters pertaining to loans secured by "other residential buildings" (non-condominium residential buildings containing five or more family dwelling units). [6/5]

European regulators promote enforcement by shining a spotlight on financial institutions with weak anti-money laundering systems. [6/5]

CFPB's Chopra testifies in Senate hearing that the country's $1.2 trillion debt is hampering the economy. Democrats have introduced a bill that would allow borrowers to refinance student loans at current interest rates, similar to refinancing a mortgage. [6/5]