Links in “Banks”

Report that political operatives at DoJ, FDIC and CFPB set out to choke access of payday lender to the nation's financial system. [1/13]

American Banker polls finds regulatory burden on small banks was the top storyline for last year, followed by "too big to jail." [1/13]

Target now says as many as 70 million were affected by its security breach. [1/13]

If your institution is like most, the mad scramble to get ready for the January 10, 2014 implementation date of the new mortgage rules won't magically end on that date. New NeighborBench webinar offers attendees the chance to step back and do a reality check on where your institution is relative to the requirements of the new rules and identify how to move forward with a good faith effort to implement those elements that remain. [1/10]

Cordray's appearance on Jon Stewart's Daily Show may be portending the defense CFPB intends to use should new rules prove to have a materially adverse effect on credit availability. [1/10]

Survey finds it is not just for regulatory compliance. [1/10]

Legalized marijuana creates compliance complexity for banks in Colorado. [1/10]

A North Carolina bank ignores customer complaints about unauthorized withdrawals, a warning from an attorney general, and other red flags. The result? A $1.2 million settlement for allowing a third-party processor direct access to the Federal Reserve Bank to process debits against consumer accounts on behalf of fraudulent payday lenders, internet gambling organizations and an alleged Ponzi scheme. [1/10]

The Prepaid Card Disclosure Act of 2014, introduced by Senator Mark Warner (D-Va.) would require banks to provide greater transparency around prepaid card fees. [1/10]

FHFA's new director, Melvin Watt, who was sworn in on Monday, follows through on his plan to delay implementation of planned changes to the guarantee fee structure announced by his predecessor in early December. [1/9]