Links in “Banks”

Under the new guidelines, the state will block CRA credit to banks who lend to landlords in low-income areas with a high number of housing code violations and give positive CRA consideration to those that make sure their landlord customers do not have many housing code violations. [9/6]

A breakdown of the loan documents that require consumer's signature. [9/5]

Banks in Chicago region report that examiners have been spending inordinate amount of time on Reg. E, resulting in civil money penalties for a variety of activities considered "unfair and deceptive." [9/5]

Crop of new lenders take the social media presence of tech startups and small businesses when determining the risk of making the loan. [9/5]

Among the regulatory issues cited in the survey was data silos within the institution, which make it difficult to share data between different parts of the institution. [9/5]

Report on Florida bank suggests that president/CEO's departure was the result of anti-money laundering compliance issues. [9/5]

50 or so Satisfactory ratings amongst the 1 Outstanding. [9/4]

FDIC's new record retention rules for failed institutions should help curb its current retention of those 59.7 billion pages of electronic data retained (775 terabytes). New rules call for a maximum 10-year retention and provide insights on records maintenance. [9/4]

The fine was relatively small, but the greater damage will be to Citibank's reputation, especially among the 360,000 customers whose information was accessed by the hackers who exploited a breach in online security that the bank knew about and failed to close until the damage was done. [9/4]

Citing the positive impact of the U.S. banking system on the global economy, former OCC head Eugene Ludwig states that "most successful inventions are accompanied by inventive, pragmatic regulation.” [9/4]