Links in “Banks”

Panelists at an international banking conference speak on how banks, as they press forward with social networks, cloud computing, and other technological innovations, must ensure that the changes are thoroughly transmitted to all employees. [1/21]

Department of Justice squeezes $1.2 million settlement out of a small North Carolina bank for its involvement with a "targeted company" (payday lenders, credit repair organizations, mortgage assistance relief companies, etc.). [1/21]

Lawrence Wright was sentence to six years in federal prison for conspiracy to commit bank fraud, conspiracy to commit money laundering, bank fraud, mail fraud, aggravated identity theft, and making a false statement to a federally insured financial institution. Additionally, he has been ordered to pay restitution fees in excess of $3.7 million. [1/20]

Is a customer allowed unlimited withdrawals from their savings account if the withdrawals are done in person? Two responses. [1/20]

In the wake of recent data security breaches of retailers such as Target, ICBA urges Congress to allocate liability to incentivize maximum security by making the party that suffers a data breach responsible for fraud losses and the costs of mitigation and restitution when consumer information is compromised. [1/20]

ABA letter to congress points out that when a retailer like Target speaks of its customers having “zero liability” from fraudulent transactions, it is because our nation’s banks are providing that relief, not the retailer that suffered the breach, and that policymakers should be cautious not to embrace any “one” solution that’s being pushed by some as the answer to all concerns. [1/17]

Here is a recap of this week's House hearing that addressed consequences of Qualified Mortgage rules and what can be done to mitigate them. [1/17]

The absence of a voice for community bankers on the Fed Board, which began when Elizabeth Duke stepped down in August 2013, would likely continue with any of the three administration-proposed appointments. Such could mean the “too big to fail” financial institutions would be able to further wield their political influence and access  to deflect regulation toward smaller banks. [1/17]

Washington Post's "Wonkblog" names Peter Thiel's simple two-line chart as graph of the year. [1/16]

The Independent Community Bankers of America commends Maria Contreras-Sweet, nominated to head the Small Business Administration, for her track record of supporting small businesses and local economies. [1/16]