Links in “Banks”
- Fail: Payday Lending Reform Seeking to Cap Rates in Louisiana at 36%
House Commerce Committee in Louisiana votes 10-8 against a proposal that would cap interest rates at 36% on payday loans. "It's illogical to apply APR to these loans," opponent claims. [4/8]
- RIP Windows XP, 2001-2014
Why let Windows XP die and put the banking industry through such an upheaval? Windows XP "was a senior citizen five years ago. It's been on life support since then. It deserves to die with dignity." [4/8]
- DDoS Attack Hits Core System Provider
Distributed denial of service attack strikes Ellie Mae, a provider of core operating systems to mortgage originators, for two days last week. Attack comes on the heels of an FFIEC warning to financial institutions about DDoS attacks. [4/7]
- Hot Seat: House Committee to Question Agencies on Costs-Benefits of Regulatory Red Tape
House Financial Services Committee will hold on Tuesday a hearing to examine economic consequences of rulemaking, supervisory and enforcement actions of the regulatory agencies. [4/7]
- Former Community Banker Introduces Legislation to Reflect Diversity of Financial Institutions
Rep. Blaine Luetkemeyer (R-Mo.) introduces legislation designed to recognize that there aren't just two types of banks: "too big to fail" and all the rest. [4/7]
- Check Fraud Still King, But Card Fraud Rapidly Rising
Check fraud remains the most common type of fraud, but debit and credit card fraud hit 43% of organizations in this survey, up from 29% last year. [4/7]
- CFPB’s Culture of “Retaliation and Intimidation”
A CFPB enforcement attorney testifies before a House Financial Services Committee subcommittee that she experienced gender discrimination and retaliation for filing an Equal Employment Opportunity complaint. [4/4]
- Marketing Budgets on the Rise
Survey finds that while budgets and manpower remained strained at financial institutions, marketing budgets are on the rise, if only slightly. [4/4]
- Multi-state Probe of Security Breach at Experian Subsidiary
Social security numbers of some 200 million people may have been breached. [4/4]
- Small Businesses Taking Up Remote Deposit Capture
Product usage among small businesses is moving beyond early adopters. [4/3]
