Links in “Banks”
- A U.S. Bank Lawyer’s Take on Russian’s Create Your Own Credit Card Strategy
U.S. attorney's take on Russian who scanned credit card agreement, modified terms to his favor, then got the bank to sign it, and had it hold up in court (so far): kids, don't try this at home. [8/12]
- 2nd Wisconsin Bank Failure of 2013
In addition to being the second bank failure this year in Wisconsin, Bank of Wausau becomes the 18th bank failure this year nationwide; last year at this time, there were 40 bank failures. [8/12]
- International: Man Creates His Own Credit Card, Sues Bank for Violating Terms
Russian doesn't like credit card offer a bank sends him, scans the contract and alters it to terms of his liking, and sends it back. The bank signs it and sends him a card, but not so surprisingly is not keen on honoring his terms. The plot thickens... [8/9]
- Auto Lending Trip Wires That Can Trigger an Examination
If your financial institution is an auto lender, here are a few major trip wires that could trigger examiners to investigate you. [8/9]
- Community Bank Pres. to Washington: Stop Punishing Us for Wall Street’s Misdeeds
Community bank president writes guest column in Ohio newspaper calling on Washington to stop forcing community banks to pay the penalty for Wall Streetâs misdeeds in regulatory costs to comply with an ever-growing plethora of rules and regulations. [8/9]
- ADA Lawsuits Against ATM Operators Are the New Battleground
We thought when we finally got the rule changed regarding ATM fee notices that the ATM class action lawsuits would go away. Not so. The latest trend involves claims against ATM operators whose ATMs donât meet the ADA requirements for braille keyboards or voice guidance. [8/8]
- Managing Customer Complaint Data
Consolidating customer feedback from various channels such as social media or call center transcripts into one common complaint database allows the data to be accessed by operations, customer service and compliance teams, breaking down info silos that can occur. [8/8]
- Mistakes Happen: Handling Errors in Remittance Transfers
Breaking down the procedures for what to do when a person notiï¬es your institution of an error in a remittance transfer. [8/8]
- The Most Common Website Compliance Mistakes
While there are a multitude of compliance issues that arise on the average financial institutionâs website, here are the most common website compliance mistakes. [8/7]
- CFPB 1, Bankers 0
A U.S. District Court dismissed a case brought originally by a Texas bank and the Competitive Enterprise Institute that claimed the CFPB did not have the authority to regulate the financial services industry; the suit, which was later joined by 11 other states, challenged the constitutionality of the Dodd-Frank Act that created the CFPB. The plaintiffs plan to appeal. For a bank lawyer's take on the case, see State National of Big Spring Springs a Leak. [8/7]
