Links in “Banks”

The House votes to provide a grace period through Feb. 1, 2016 for lenders who make a good-faith effort to comply with the TILA-RESPA Integrated Disclosure rule. But it's too soon to breathe a sigh of relief. Next comes the Senate, and then there's the little matter of the White House threatening to veto the measure. [10/8/15]

Perhaps you've heard that TILA/RESPA Integrated Disclosure rule went into effect over the weekend. Now, with one full workday under the new rule our belts, how'd everybody do? Here's a rundown. [10/6/15]

Eight banks and seven credit unions have failed thus far in 2015. Here's a rundown of the most recent of these. [10/6/15]

Average ATM fee for transactions outside a bank's network hit a record $4.52, and average overdraft fees also hit a record high at $33.07. "There is clearly some profiteering in there." [10/6/15]

Consumer Reports applauds the CFPB for its moves in mortgage disclosures and for its anticipated moves to help student loan borrowers. [10/6/15]

The fight against money laundering and terrorist financing in the U.S. is an ongoing and evolving battle. That’s why every year FinCEN produces a new National Money Laundering Risk Assessment from the Department of the Treasury. In an analysis of more than 5,000 law enforcement cases and financial reports from both the private and government sectors, the 2015 Risk Assessment exposes trouble spots and emerging trends all financial institutions should analyze. Financial institutions are put in a vulnerable position when individuals and entities attempt to disguise the nature, purpose, or ownership of their accounts. This can occur through several avenues, but we’ll address the top three. [10/6/15]

We're now in a post-TRID world. What does it look like? For borrowers: benefits, drawbacks, and unintended consequences. For many lenders, it depends on how well the bubble gum and rubber bands that are tying their system together hold up. [10/5/15]

Experian suffers its second major data breach. This time, about 15 million T-Mobile USA customers had their names, dates of birth, SSNs and more exposed. [10/5/15]

There's been a lot of talk from the regulatory agencies about how enforcement of the new TILA/RESPA Integrated Disclosure rule might play out following this past weekend's implementation date. But the House is scheduled to vote this week on a bill that would make the grace period official. [10/5/15]

In an era where breaches typically mean the exposure of personal information of millions of individuals, the ABA's breach of 6,400 user email addresses and passwords may seem positively quaint. But it should raise alarm bells about perpetrators who maybe looking for access credentials individuals may use at their financial institution. Still reusing passwords? [10/5/2015]