Links in “Banks”
- The First 48 Hours After a Cyber Attack
Five steps you should take in the initial 48 hours after you discover you've been breached. [10/26/15]
- Banking State-Legal Marijuana Business is Still Risky
The question of whether it is right or wrong is secondary; the primary consideration is whether federal or state law prevails. We already know the answer to that. Feeling lucky? [10/26/15]
- Risk Watch 75: Making SARs Work for You
Ever wonder what becomes of your Suspicious Activity Report once itâs submitted? Ken Agle of AdvisX takes a look at the FinCENâs 2015 SAR Stats, which breaks down how SARs are used by various federal, state, and local agencies. Whatâs more, it offers some helpful tools your financial institution can use to make sure its Bank Secrecy Act program is proactively meeting emerging threats. [10/23/15]
- Beware of Shoulder Surfers
The most basic form of information theft is observation. Remind your customers that when using their mobile devices, they need to be aware of their surroundings, especially that person in line behind them. This is one of 12 practices ABA is suggesting to help keep your customers safe from mobile fraudsters. [10/23/15]
- Why Cordray Should Be Embracing Arbitration Instead of Killing It
Rather than working to kill arbitration clauses, the CFPB should use arbitration as a complement to its complaint portal to resolve disputes that aren't resolved through the complaint process. [10/23/15]
- What Banks Can Learn from Why the FTC Went After Sprint
Sprint charged customers with lower credit scores an extra monthly fee. But what got the mobile service provider in hot water with the FTC wasn't that it charged these customers more, it was that it failed to let the consumers know until it was too late for them to choose another mobile carrier. [10/23/15]
- Not So Fast, CFPB: There Are Limits to Its Authority to Regulate Arbitration Agreements
While experts are debating whether the Federal Arbitration Act would need to be amended to permit the CFPB to ban class action waivers in arbitration agreements, this expert says Section 1028 already places several important limitations on the CFPB's authority. [10/22/15]
- Day of Our Future Past: A Look at Rates That Marty and Doc Left Behind
On Oct. 21, 1985, the day Marty and Doc DeLoreaned from, interest rates were slightly higher than they are now. The target Federal funds rate was 8.0%, compared to 0 to 0.25% that they are now. A 6-month CD was 8%. [10/22/15]
- Is Dodd-Frank Hampering Economic Recovery?
A review of studies finds that Dodd-Frank has been particularly harsh on community banks. You probably already knew that, but here's some evidence from scholars on the matter, plus how that has impacted small business and economic growth. [10/22/15]
- Sanders Gives Thumbs Up to Postal Banks
Democratic presidential candidate Bernie Sanders says banks in post offices would provide banking services to low-income people who otherwise rely on payday lenders and check-cashing businesses. [10/22/15]
