Links in “Banks”
- Is Dodd-Frank’s Impact on Industry Consolidation Overstated?
Yes, the industry is shrinking. But how big of a role Dodd-Frank is playing in the declining number of banks is debatable. [8/19/15]
- Target and Visa Make Nice to the Tune of $67 Million
Target settles with Visa on behalf of thousands of financial institutions for $67 million for a massive data breach in 2013. A separate deal with MasterCard is said to be in the works. [8/19/15]
- The Terrorists Next Door: Lessons from the National Terrorist Financing Risk Assessment
The 2015 National Terrorist Financing Risk Assessment is an unprecedented report based on an analysis of more than 5,000 law enforcement cases, reporting by U.S. financial institutions, and reports from both the government and the private sector. As the terrorist financing threat continues to mutate, what exactly should your organization learn from this novel risk assessment? [8/18/15]
- Price Tag for Banking Services for Most Americans: $0
An ABA survey finds that 61% of Americans pay nothing for bank services. What's more, 72% pay less than the cost of a gallon of milk each month. [8/18/15]
- Arbitration v. Class Action: A Look at the Numbers
The CFPB's arbitration study fails to consider some important numbers, such as the fact that the average amount recovered by a consumer in an arbitration is $5,389, compared to the $32.35 obtained by the average class member in a class action settlement. [8/18/15]
- eClosing Heading Toward Auto Financing, Too?
The CFPB's interest in eClosing for mortgages may spread toward auto financing also, even though the world of auto finance and mortgages are very different. [8/18/15]
- DOJ Expanding Money-Laundering Probe of Citigroup’s Operations Linked to Mexico
The investigation is linked to accounts tied to four businesses affiliated with Mexican billionaire Carlos Hank Rhon, a businessman involved in banking and other industries. Citigroup says it is expanding its regulatory and compliance functions, with plans in place to have 30,000 people working in those areas by the end of the year, a 15% increase from the end of 2014. [8/17/15]
- Bill Would Create Community Bank and Credit Union Presence in CFPB
A Senate bill would create community bank and credit union panels within the CFPB. [8/17/15]
- Digital Banking: It’s Not Just for Kids Anymore
A poll finds 75% of those over 60 use online banking. [8/17/15]
- Head of Job Creators Network Bemoans CFPB’s Impact
A group estimates that Dodd-Frank and its centerpiece, the CFPB, have imposed more than $24 billion in regulatory costs and 61 million hours in paperwork burden. [8/17/15]
