Links in “Banks”
- Squeeze on “Politically Incorrect” Businesses Continues
Push by FDIC appears to be related to Chase's internal review of companies that pose a greater risk of fraud or money laundering and are viewed as risky, including payday lenders, pawnshops, check cashing businesses, and certain automobile dealers. [10/10]
- California Names 16 Online Lenders Banks Should Avoid
These 16 lenders do not have licenses to do business in California and have been the subject of enforcement actions this year by the California Department of Business Transactions. [10/10]
- Cyber Threats Multiplying at an Alarming Rate
Losses from cyber attacks expected to nearly double from $409 million in 2011 to $794 million in 2016. [10/9]
- Fair Lending Risks When Taking Action on HELOCs Due to Changes in Property Values
If a lender undertakes Home Equity Lines of Credit in one area, but not another, or uses different methods of review in one area versus another, disparate treatment issues may arise. [10/9]
- Average Credit Score for Successful GSE-backed Borrower Today Is 50 Points Higher
Credit scores required to obtain mortgage loans today are far higher than pre-crisis; what's more, households today have to earn those higher scores during a tough economic period when high credit scores are not easy to obtain. [10/9]
- Collateral Damage from New Remittance Rules: Post-Crisis Countries
New CFPB rules designed to protect consumers take effect 10/28, but an unintended consequence could be that they drive remittance providers to stop serving countries emerging from war or other crises, a time when funds are needed most. [10/9]
- Majority of Consumer Complaints about Big Banksâ Checking Accounts
A recent survey conducted by the Public Interest Research Group (PIRG) shows that 95% of consumer complaints are targeted against 25 big banks, and 75% of the complaints related specifically to the opening, closing and management of the accounts. [10/8]
- Schedule of Regulations That Require Training?
Questioner asks if there is a schedule of regulations that require training and their required frequency. Here is the reply. Note: For AffirmX's Excel-based compliance training scheduling tool, contact us. [10/8]
- Community Banks: Only 20% of Loans, But Half of Small Business and Farm Loans
Their numbers may be dwindling, but community banks remain a vital component of financial institution landscape. [10/8]
- 5 Low-Cost Data Security Steps
The majority of data security breaches are opportunistic attacks, preventable with even a modicum of effort. [10/8]
