Links in “Banks”

Read what charitable things two banks and one credit union did to secure themselves their spot on the nice list. [12/21/15]

A billing error to its customers over an 18-year period could cost State Street Corp. at least $200 million. [12/21/15]

Regulators are concerned that banks are going too soft on credit underwriting standards on multifamily loans. [12/21/15]

All you need to know about what the Fed does in 79 seconds. [12/17/15]

On Deck teamed up with JPMorgan Chase. Lending Club with Citigroup. New online lender startups are launched monthly, if not weekly. [12/17/15]

The omnibus spending legislation that Congress passed this week missed a real opportunity to bring regulatory relief to community banks and their customers. [12/17/15]

Illegal visits to consumers at their homes and workplaces, empty threats of legal action, lies about consumers' rights, and unlawful withdrawals from bank accounts exposing consumers to bank fees. Sounds like a recipe for a $10 million penalty for EZCORP of Texas, which operates through 500 storefront locations in 15 states. [12/17/15]

Testifying before the House Financial Services Subcommittee on Oversight and Investigations, an ABA official called out the CFPB for its lack of transparency in its data practices. [12/17/15]

CFPB appears to be taking the stance that referrals of any type are not a bona fide service and could be considered a kickback, according to this report. [12/16/15]

Just two malware families installed on mobile devices intercepted 170,000 SMS messages, including a number of banking transactions, such as querying credit card numbers and bank balances. Key takeaway: be careful with the mobile apps you download and stick with well-known apps. [12/16/15]