Links in “Banks”
- Banks or CUs: Who’s the Quickest Call Center Draw?
Who is more likely to answer on the first ring to a call center, banks or credit unions? Moebs survey reveals its findings. [8/14]
- The Fly in Richmond’s Eminent Domain Ointment
Lawyer ponders a little 5th Amendment problem in the California town's economic scheme. [8/14]
- How Long Can Drive for Profits Reduce Regulatory Misdeeds as a Cost of Doing Business?
Corporate culture study: Industry observers wonder if JP Morgan Chase, which has until now withstood huge fines and penalties as a cost of doing business, can continue its pace of earnings in light of emerging regulatory woes and increasingly impatient regulators. [8/13]
- Community Bank Pres Cites Regulatory Fatigue as Reason for Merge
President of Prosperity Bank, a $735 million community bank in Florida with 12 banking offices located in six counties, cites increasing regulatory burden and costs as important factor in merging with a larger institution. [8/13]
- How Would the Latest Remittance Rule Changes Fare in a CFPB Examination of Their Own?
Compliance officer surmises that if the latest remittance rules were a bank advertisement, the CFPB would have to cite it as a UDAAP violation. [8/13]
- Closer Look at Justice Department’s Fraud Initiative Reveals Overstated Results
Justice Department's touted successes of its crackdown on fraud schemes targeting struggling homeowners resulted in charges against 107 criminal defendants, not the 530 originally reported; Bloomberg story prompts closer scrutiny. [8/13]
- NY Alleges Online Payday Lenders Making Loans with Interest Rates as High as 335%
NY Attorney General joins crackdown on three online lenders and their owners, alleging they have made nearly 18,000 loans to New Yorkers totaling $38 million in principal since 2010, on which the borrowers owe more than $185 million in finance charges. [8/13]
- Remittance Resource Recap
Scrambling to meet the Oct. 28 effective date of the remittance transfer final rule? Here are some resources from the CFPB that could help. [8/12]
- HAMP: Court Rules Lender Obligated to Offer Mortgage Modification
Appeals court finds that homeowners who were denied a modification under the Home Affordable Modification Program (HAMP), even after completing a trial period plan, have legal standing to sue their lender, Wells Fargo. (See also this article.) [8/12]
- 4 Fraud-Fighting Tactics
Four approaches to balance fraud prevention with the need to retain ease of use for customers. [8/12]
