Links in “Banks”

Section 1073 affected overseas money transfers, with the CFPB's proposed standards making it impossible for many providers to meet, creating a potential gap in crucial services; fortunately the amended final rule, set to take effect on October 28, 2013, carries positive implications for institutions in or considering entering overseas remittance transfers. [8/7]

Celebrating its 150th, a bank in tiny McConnelsville, Ohio (population 2,000), is the oldest national bank still operating under the same name and the same OCC charter (number 46). Read about one of its first examination reports. (Times have changed.) [8/6]

It’s no surprise that there will be times that you will not agree with your examiner or his/her examination report. How can you ensure that you are responding effectively to your examination process? Here are steps you can take to manage the examination process and what to do when you disagree with the exam results. [8/6]

Amidst the uproar, Raj Date, who left the CFPB to form his own firm, denies new firm will lobby the agency or represent clients before the agency. [8/6]

If your marketing plan doesn’t address or consider the following four items, you may be out of step with the direction financial services marketing is taking: Value Proposition, “Sheconomy,” Millennial Generation, Evolving Social Media Platforms. [8/5]

Guidance on how to calculate reimbursements in the APR program for Windows if you discover reimbursable violations. [8/5]

Is ChexSystems reporting of bounced checks unfair or logical consequence of check bouncing? [8/5]

First Community Bank of Southwest Florida, a $265 million-asset bank based in Fort Myers, Fla., closed late Friday, becoming the 3rd bank closed in the state this year and 17th in the nation. [8/5]

Federal judge dismisses a Texas community bank's case, arguing the institution has no legal ability to challenge the 2010 financial reform law; judge says bank, which has an asset size well below CFPB's purview of $10 billion in assets, could not prove financial injury resulting from Dodd-Frank. [8/5]

Report shows nearly one-third of the homeowners who received permanent mortgage modifications under the HAMP loan program have since defaulted again; critics question whether the $815 million in taxpayer funding of the program was well-spent. [8/2]