Links in “Banks”

Bank of America to refund customers $727 million and pay $45 million in fines for card add-on products, such as deceiving customers into buying credit monitoring and identity theft protection. CFPB indicates it will be "vigilant in [its] pursuit of companies who wrong consumers in this market." [4/10]

Some experts are calling the Heartbleed bug the worst bug ever, in terms of the vastness of its reach and the sensitivity of the information potentially exposed. [4/10]

AffirmX's Senior Analyst Coppelia Padgett takes us on a brief tour of the TILA and RESPA integrated loan disclosures and suggests what institutions should do now to prepare for the August 1, 2015 implementation. [4/10]

CFPB's Office of Minority and Women Inclusion issues its second annual report to Congress, including a look at the bureau's own internal practices, which have recently come under fire. [4/9]

The cost of complying to Dodd-Frank is driving small banks to merge with larger institutions. Fox Business video. [4/9]

ICBA and retailers take the fight to Fox Business news in this video. [4/9]

Four banks have been purchased by credit unions and a fifth transaction is in process. A look at some of the hurdles and why the reverse—banks buying credit unions—is unlikely. [4/9]

As remote deposit capture grows in popularity among consumers, not just businesses, the most common form of RDC fraud is "duplicate presentment," where the check is deposited via mobile device, then the paper check is deposited in a different bank as well. [4/8]

ABA survey finds that more than one-third of respondents will only make qualified mortgages. "The problem will last at least as long as bankers calibrate their compliance systems, and perhaps much longer." [4/8]

Via video monitors, human tellers can guide customers through electronic transactions, from establishing identity to accepting stacks of 30 checks. Some see it as a solution to banks retreating from unprofitable rural markets. [4/8]