Links in “Banks”
- IT Nightmares
Worst days in IT? Here's a video stream where IT people relive their horror stories. [9/2/15]
- Donât Make Us Tell You Thrice: The CFPBâs Homeownership Counseling Guidance
In 2013, the CFPB issued guidance on providing mortgage applicants with a list of homeownership counseling organizations. This spring, the bureau not only restated that guidance, but also added further guidance for mortgage lenders. With this further clarification we can expect to see greater scrutiny from the CFPB. Has your institution incorporated the new guidance on mortgage lending? [9/1/15]
- Urban Institute: FHA’s Proposed Servicing Reforms Would Limit Credit Access
Report finds that the FHA's proposed servicing reforms would "raise the cost and increase the uncertainty of servicing delinquent FHA loans," and in so doing affect access to credit. [9/1/15]
- What the End of Marketing Service Agreements Means to Your Bank
As MSAs go away, loan officers are no longer obligated to recommend a partner, meaning they will have to more aggressively compete on their skill and service to win referral business. [9/1/15]
- CFPB Gets More Congressional Heat to Implement “Small Business HMDA”
Need more data collection rules? You'll get them if 84 members of the House have their way. They have just added their voices to a group of 19 Senators to urge the CFPB to implement a section of Dodd-Frank that requires financial institutions to collect data on small business lending, such as race, sex and ethnicity of the principal owners of the business. [8/31/15]
- ABA to NCUA on Member Business Loan Proposal: Bad Idea
ABA is all for reducing regulatory burdens, but when it comes to the NCUA's proposal to amend member business lending rules, ABA gives the NCUA the thumbs down, calling it "contrary to congressional intent to limit business lending activities by the credit union industry." [8/31/15]
- Banks Struggling to Crack the Enigmatic Millennial Code
This year, millennials surpassed baby boomers as the largest segment of the population. But truly understanding and planning for the digital needs of this generation continues to elude bankers. [8/31/15]
- Explaining the Risks of Financial Caregiver Joint Accounts
ABA and AARP join forces to alert adults over 50 of the potential hazards of joint bank accounts. [8/28/15]
- Ninth Circuit Short-Circuits CFPB’s Attempt to Make Law Via Amicus Brief
The CFPB's attempt to make law through filing amicus briefs was called out when the Ninth Circuit ruled that while it agreed with the CFPB, it did so only because the agency's interpretation was consistent with the statute, not the regulation. [8/28/15]
- Despite Concerns About Cybersecurity, Consumer Password Hygiene Remains Sketchy
Consumers aren't confident in the cybersecurity of online brands, but they aren't helping matters by continuing to reuse passwords across multiple accounts (a report finds that 68% of consumers still do). Consumers are keen to have an alternate form of verification. [8/27/15]
