Links in “Banks”
- Computer Chips Are Our Friends
ABA continues its efforts to educate consumers about the new computer chips in their credit cards. [9/16/15]
- CRA Post-Mortem: Three Lessons from Lemont
In August 2015, the OCC announced Community Reinvestment Act performance evaluations for 30 national banks and federal savings associations. Of those evaluations 5 were rated outstanding and 24 were found satisfactory; however, one bank was rated âsubstantial noncompliance." What can other banks learn from Lemont National Bank's missteps? [9/15/15]
- Card Cracking Scam Targets College Students
A card cracking scam targets almost exclusively college students with the promise of a fast way to make some extra cash. It can end up poorly for the college student, landing them with personal losses and a criminal charge of fraud. [9/15/15]
- No Secrets: NY Strikes Deal with Banks Over Chat, Messaging Service
Chats and other electronic records have provided key evidence in regulatory investigations. But when more financial institutions began using a new chat and messaging platform, New York regulators pressed some of the larger players to make sure their concerns about proper record retention requirements would be met. [9/15/15]
- Boomer Bankers Just Don’t Get the Millennials
A survey finds that banks, which are typically run by baby boomers and older Gen X'ers, still don't get millennials, the next big generation of consumers. [9/15/15]
- Men Bitten by Sharks Far More Often Than Women and Other Issues with Disparate Impact
When an organization is created to find discrimination, no one should be startled when it finds discrimination. [9/14/15]
- Senator Calls on Regulators to Take Action Against Zombie Debts
Senator Sherrod Brown (D-Ohio) called on federal regulators to take action against zombie debts, debts which remain on consumer credit reports even though they are no longer owed. [9/14/15]
- Hensarling to HUD on its 50th Anniversary: You Need Work
Fifty years and $1.6 trillion later, HUD has failed to live up to its lofty aspirations, said Jeb Hensarling (R-Texas), chair of the House Financial Services Committee. [9/14/15]
- Which Presidential Candidate Will Most Likely Protect the U.S. from Cyberattack?
Results of this poll may surprise you. They did us. [9/14/15]
- Similarities Between Online Lender Marketplace and Mortgage Lending Pre-2008
Online lenders don't operate with the same regulations that govern mainstream banks. Hence, they are more nimble and can make credit decisions quickly. But some industry observers says the online lending industry bears some troubling similarities to mortgage lending in the period leading up to the 2008 financial crisis. [9/14/15]
