Links in “Banks”

Report on decrease in loan modifications points out that in December 2009, there were 4.13 million homeowners more than 60 days delinquent on their mortgages, more than twice the current number. [4/15]

Rumors of Bitcoin's demise may be premature. In this video, an expert argues that it might be, in fact, the smart bet in tech investing. [4/15]

Asking which is the most common compliance question is like asking which is the most popular ice cream flavor. AffirmX's Coppelia Padgett breaks down the most common questions into four categories: Regulation 2.0 Questions, Numbers Questions, Catch-22 Questions, and Dark Arts Questions. She also includes the questions we should be asking. [4/14]

Payday lending, prepaid cards, privacy notices are priorities for the CFPB in the coming months, according to its general counsel. [4/14]

Here is a recap of the government services recommended by the FDIC to assist banks in addressing cyber threats. [4/14]

ABA writes NCUA about Quorum FCU's Select Savers Club, an online membership application for the express purpose of qualifying otherwise ineligible individuals. ABA vows to notify NCUA of other credit unions circumventing membership requirements. [4/11]

ICBA writes to Department of Justice about its Operation Choke Point, an initiative to crack down on short-term lenders, pointing out that its only lawsuit so far has been against a small bank, and that the practice places community banks at a competitive disadvantage with large banks. [4/11]

At a meeting of the House Financial Services Committee, committee members press CFPB General Counsel Meredith Fuchs for specifics on the CFPB's methodology for detecting "disparate impact." While Ms. Fuchs did not provide the specifics the committee members sought, the chairman ended his questioning with a zinger in reference to the bureau's own woes with recent news of its employment practices: "You certainly create the impression that you are trying to impose a standard upon others that you are incapable of living under yourself." [4/10]

ICBA issues statement on FDIC's recent report on the banking industry consolidation, including the stark decline of micro-banks of less than $25 million in assets, which dropped from 5,717 to just 205 over the past 30 years. [4/10]

FDIC's Dallas region provides some guidance in its quarterly newsletter about some of the trickier nuances of overdraft protection programs. [4/10]