Links in “Banks”
- FDIC’s Q4 Report on Banks: Things Are Looking Up
Net income is up, loan balances are up, net interest margins are up, and the Deposit Insurance Fund is up. With the number of problem banks and number of failed banks declining, even the downs are "ups." [2/28]
- Tips on Crafting a Social Media Policy for Employees
While there are competing interests, here are some tips when crafting a compliant social media policy. [2/28]
- Challenges Looming for Cordray’s “Regime”?
Director Cordray calls CFPB a "regime that will govern the mortgage servicing marketâincluding both the banks and their nonbank competitorsâin perpetuity." But Congress has taken up a bill that could changes things for the CFPB, instituting a five-member commission and subjecting it the regular appropriations process. [2/28]
- Expect Fed Board to be More Hands-on with Big Enforcement Actions
Fed Board Chair Janet Yellen says the board will ramp up its participation in major bank enforcement policy decisions. Over the past 10 years, the Fed board voted only 11 out of about 1,000 enforcement actions. [2/28]
- Cordray to Banks: Give Customers Their Credit Scores
CFPB's director asks banks to provide customers their credit scores so they can investigate if it is lower than they think it should be. [2/28]
- Free Checking vs. Costly Overdraft Fees: Inside the Consumer Psyche
A study of 7,500 bank customers found that 72% of checking accounts drop below $100 in any given month. Such a climate can foster the want-but-hate relationship consumers have with overdraft protection, which can work out to an annual percentage rate above 4,000. [2/27]
- CFPB Promoting Complaint Database to State Attorneys General
In a speech to state Attorney Generals, CFPB's Cordray addressed a number of areas where the agency is seeking to strengthen its communication with state AG offices, including partnering with states on the sharing of consumer complaint information. [2/27]
- Report: CFPB Targeting Small-dollar Lending Products in 2014
Payday, title loans and other small-dollar lending products are on the CFPB's plate for 2014. [2/27]
- Marijuana Limited, Priority and Express
In FinCEN's eyes, there are bad guys, and then there are BAD guys. [2/27]
- Why the Fed Reserve Board Needs Community Bank Representation
Community banks, though they account for only 14 percent of U.S. banking assets, hold 46% of small loans to businesses and farms. [2/26]
