Links in “Banks”

Sources say JPMorgan Chase and the Department of Justice are close to finalizing a record $13 billion settlement deal for various matters, including misrepresenting the quality of loans underlying its bonds. [10/21]

In a letter to CFPB, ABA refutes 2006 FDIC study that asserted that regular users of overdraft protection come from low-income areas. ABA's survey shows that only 12% of regular overdraft users reported income less than $30,000; most were middle income and educated. [10/18]

Bank of America, Citi, Chase, Wells Fargo and Ally Financial report they have fulfilled their consumer relief obligations outlined in the National Mortgage Settlement. Review team monitoring the effort has yet to confirm. [10/18]

Group says CFPB skews reality by basing its report on 3,800 unverified complaints from 0.002 percent of customers. [10/17]

When it comes to commercial real estate loan concentrations, it is worthwhile to keep in mind these three joint issuances from regulators. [10/17]

Voice recognition, paperless transactions foreseen as becoming the norm in banking over the next two decades. [10/17]

10th anniversary of the first National Cyber Security Awareness Month is good time to take a look at that sometimes glossed over element of a sound security plan: encryption key management. [10/17]

One of the many changes heading our way in January 2014 (on the 18th, to be precise) is an amendment to Reg. Z incorporating new provisions concerning appraisals for higher-priced mortgages. Here’s a plain-English breakdown of what’s required. [10/16]

IRS and FBI websites offer case studies of money laundering and structuring investigations, which can be useful training tools for frontline personnel. [10/16]

Rep. Maxine Waters spearheads a concurrent resolution calling for forbearance for late payments and other accommodations for federal workers affected by "circumstances beyond their control." [10/16]