Links in “Banks”

The CFPB won a $530 million judgment against Corinthian Colleges, which filed for bankruptcy and was liquidated earlier this year, making it unlikely the judgement will ever be paid. [10/29/15]

The Cybersecurity Information Sharing Act passed the Senate and is going through a conference stage to reconcile the Senate and House versions. Here are five things you should know about CISA. [10/29/15]

The ABA blasts the Department of Education's final cash management rule as making student access to bank products and services worse, more expensive, and less convenient. Moreover, the rule imposes a burdensome layer of regulation that makes the DoE "a de facto bank regulator." The CBA is not happy about this, either, saying "it is hard to believe Congress ever intended the Department of Education to wield authority over banks." Here's what the DoE did. [10/28/15]

A survey shows the cost of a mortgage in the first quarter of 2015 was $1,600 higher than one in the fourth quarter of 2012. Loan balances also went up over that period by about $15,000. What factors contributed to those increases? [10/28/15]

Next up for the Cybersecurity Information Sharing Act, which the ABA supports, is reconciling the versions of the legislation passed by the House and Senate. [10/28/15]

A debt-collection agency called a consumer's business and left a message in the business's general mail box asking for someone in the payroll department to call. The consumer sued. The court ruled that because the voicemail message did not imply the existence of a debt, it was not a "communication" as defined by the Fair Debt Collection Practices Act. [10/28/15]

Thanks to a rider in the Congressional budget deal that would amend the Telephone Consumer Protection Act, robocalls would be permitted for debt owed to or guaranteed by the government. [10/28/15]

Counting on a regulatory agency's grace period for the TILA/RESPA Integrated Disclosure rule implementation phase is unwise because it doesn't cover private actions borrowers or investors can take against activity conducted during this transition. [10/27/15]

"It is critical that low-income Americans -- and New Yorkers in particular -- have access to mainstream banking services," said New York's attorney general in a letter to more than 90 banks. [10/27/15]

Rabobank's tiny outpost operating on the Mexican border in a plain, white building was taking in a lot of cash for years. Now prosecutors are wondering if the bank was vigilant enough against money laundering. [10/26/15]