Links in “Banks”
- 63% of Young Gen Y Pays Bills Using Mobile Devices
Survey finds that 63% of the young generation Y group pays at least one monthly bill with a mobile device, compared to 16% of baby boomers. [5/29]
- CU Purchases Bank
Bank in Georgia purchased by Alabama credit union, the fifth purchase of a bank by a credit union in the past two years. [5/29]
- Privacy’s Speculative Harm
FTC report focuses on speculative harm (potential denials, potentially higher rates) of the data collection practices of big data brokers. "An unknown person standing in your bedroom at night may not do any harm," but you'd probably prefer more privacy, even if the lurker is merely wanting to see if you're in the market for sleeping pills. [5/28]
- The Peril of the Student Loan Debt Crisis
[Video] For CFPB director Raj Date takes a look at how mounting student loan debt could cripple the U.S. economy. [5/28]
- A Look at the New HUD Head
As expected, Pres. Obama nominated San Antonio mayor Julian Castro as the next Secretary of Housing and Urban Development. Here's a look at why he was selected. [5/28]
- What’s on the CFPB’s Radar for the Rest of 2014?
As we near the mid-year mark, here's a look at what the CFPB has on its plate for the rest of 2014. [5/28]
- The Use of Reputation Risk as a Tool for Advancing Political Objectives
Chair of the House's Financial Services Committee warns that the subjective "reputation risk" measure gives regulators too much latitude to tell banks how to run their business and makes it too easy to use as a pretext for the advancement of political objectives. [5/27]
- Bankers on Hensarling’s Efforts to Rein in Reputation Risk Controls: Amen
ICBA lends its support to House Financial Services Committee Chair's letter to regulators questioning the use of reputation risk as a "threat of vague, uneven and arbitrary regulation." [5/27]
- Ohio Bank Closed; Brings Total for 2014 to 8
Columbia Savings Bank in Cincinnati, Ohio, with one branch and $36.5 million in assets, was the 8th bank to fail this year, compared to 13 at this time last year. [5/27]
- Banker Justice Iranian Style
The justice system works a little differently in Iran, where a billionaire businessman was executed Saturday in Iran for his role in a $2.6 billion bank scam. [5/27]
