Links in “Banks”

CFPB study finds that consumers with medical debt in collections are likely to have credit scores that underestimate their creditworthiness by about 10 points. [5/23]

The Department of Justice names several high-ranking Chinese officials as behind several cyber espionage attacks, a "watershed" moment to put faces to what has been a faceless crime. [5/23]

Those who are attracted to Bitcoin assuming their transactions aren't trackable by the government may be in for a surprise. [5/23]

CFPB Director Cordray speaks on the effects of the growing $1.2 trillion student loan debt and its negative ramifications on the housing market of the future. [5/22]

ICBA tells federal banking regulators that penalizing community banks for servicing the loans they originate will limit consumers' mortgage-servicing options and shift more business to riskier nonbank servicers. [5/22]

Pretending to be process servers, threatening consumers with lawsuits, wage garnishment, seizure of property and arrest, disclosing info about debts to employers, colleagues and family members -- Asset Capital and Management Group in Southern California ran the gamut. The first was ordered to pay $90.5 million, will settle for more than $4 million. [5/22]

Individually, these 10 techniques may sound like no big deal. But together, they make a well-rounded, layered approach to a strong security foundation. [5/22]

AztecAmerica's closure in Illinois brings the number of bank failures to 7. Last year at this time there had been 13. Peak year for this downturn was 2010, when 157 banks failed. [5/21]

How does a bank navigate its way between the Justice Department's efforts to find its clients who are evading tax laws of this country while protecting itself again strict privacy laws of its home country? Money talks. [5/21]

ABA lends its support to a bill that would allow banks who originate a loan and hold it in portfolio for the whole life of the loan to meet the Ability to Repay and Qualified Mortgage requirements. [5/21]