Links in “Banks”
- Huge Uptick in Cloud Computing in 2014 Foreseen
One prognosticator anticipates a huge increase in spending on cloud computing technology as banks become more comfortable with the practice, one of four predictions for technology in banking for 2014. [12/5]
- Three Tips for Working Within a Tight Marketing Budget
Boards of directors always want to see more marketing to members. They just donât want to pay for it. This article provides useful tips for how to make the most of a small marketing budget. [12/4]
- What Credit Unions Can Learn from Amazon CEO
Amazon CEO Jeff Bezos, in a recent 60 Minutes segment, talked about his three fundamentals for success. These fundamentals are equally important to credit union leaders. [12/4]
- Squeeze Play: Despite Dubious Data, Banks Inclined to Settle Racial Discrimination Claims
Even though the reports rely on comparisons such as a $669,000 foreclosed house in a white neighborhood to one listed for $35,000 in a minority community, banks are eager to settle untested racial discrimination charges surrounding the upkeep of foreclosed homes, such as the $42 million deal HUD worked out between Wells Fargo and the National Fair Housing Alliance. [12/4]
- Industry Group Testifies Before Congress in Support of CLEAR Act
ICBA official urges congress to pass the Community Lending Enhancement and Regulatory (CLEAR) Relief Act (H.R. 1750), arguing that it would support continued economic growth for often-underserved communities and small businesses. [12/4]
- Trade Associations Call on FDIC to Reform Policies on De Novo Applications
With only one new bank charter approved since 2011, two trade associations call on the FDIC to revisit its policies on de novo banks adopted in 2009 that make forming new banks prohibitive. [12/3]
- FHFA Announces Overhaul of Mortgage Insurance Master Policy Requirements
Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac's overhaul includes a number of provisions intended to facilitate faster and more consistent claims processing, among other requirements. [12/3]
- Signs of a Looming Crackdown on Payday Lenders
Industry observers note the signs of the FDIC, OCC and CFPB moving toward enforcement actions and new rules. [12/3]
- Credibility of Activist Group’s Housing Data In Question
A review of the National Fair Housing Alliance's claims against banks alleging racial discrimination in failure to maintain foreclosed homes in predominantly minority neighborhoods raises doubts about the data used by the group. [12/3]
- Agencies Seek to Kill Deposit Advance Loans
OCC and FDIC follow through on threat to kill deposit advance loans by issuing guidance that makes it likely that few banks will continue to offer these products. What the CFPB will do remains to be seen. [12/2]
