Links in “Banks”
- “Loan Sequencing” on CFPB’s Payday Lending Radar
CFPB attention on payday lending zeroing in on "loan sequences," a series of loans taken out within 14 days of repayment of a prior loan. [3/26]
- Summary of Proposed Appraisal Management Company Rules
Appraisal management companies would have a host of new requirements placed on them under the rules proposed by the joint agencies. Here's a summary. [3/26]
- Banks: Tech Changes are Transforming Industry and We’re Not Ready
Technology advances are seen as the biggest cause of transformation in the banking industry between now and 2020, according to a recent survey. Only 1 in 5 respondents said their banks were prepared for the transformation. [3/26]
- Risk Watch 5: TILA and a Potentially Troublesome Oversight
Amendments to the Truth in Lending Act may make it appear that small servicers are exempt from the requirements to post their credit card agreements online. AffirmXâs senior analyst, Coppelia Padgett, explains why a closer look is a good idea.
- Disparate Impact Mirror: How the CFPB Rated Employees by Ethnicity
In response to an article describing racial disparities in internal staff reviews, the CFPB released the internal report on which the article was based. It shows that for a review of more than 1,000 employees last year, 20.7% of its white employees received the highest possible performance rating, as did 9.1% of its Hispanic employees, 10.5% of its African American employees, and 15.5% of its Asian American employees. [3/25]
- CFPB Watchdog Group Being Formed
Representatives from a variety of industries regulated by the CFPB are meeting to form a Research Integrity Council, a proposed voluntary coalition to review research released by the CFPB to identify areas of improvement. [3/25]
- Case Study: What the Loss of Small Banks Does to a Community
While most of the attention during the financial system's meltdown in 2008 went to the big banks, community banks were left out in the cold. Here is a look at the impact of the failure of community banks in one Georgia county. [3/25]
- Debt Collection Complaints Down, FDCPA Lawsuits Up
While debt collection complaints logged by the CFPB declined 20 percent in February, lawsuits claiming violations of the Fair Debt Collection Practices Act increased more than 10 percent. [3/25]
- 6 Lessons Community Banks Can Learn from the Postal Service
With their well-financed competitors, branch visits declining, burdensome regulations, and heavy transaction costs, small banks have more in common with the U.S. Postal Service than they care to think about. But there are lessons small banks can learn from the USPS. [3/24]
- Disaster Recovery Heads to the Cloud
Some institutions are employing Disaster-Recovery-as-a-Service (DRaaS) for their disaster recovery solutions. [3/24]
