Links in “Banks”

House Appropriations Committee advanced a bill that would transition CFPB funding to the congressional appropriations process. [6/18/15]

Six out of nine large banks that were under orders from the foreclosure review process are hit with additional restrictions for failing to make enough progress since the review began in 2011. [6/18/15]

It may be baseball, not banking, but if you had access to a competitor's list of favorite passwords and could access the folder where they keep their strategic plans, would you? Two key takeaways here: 1) it's all fun and games until the FBI and the Justice Department start investigating you, as they have the St. Louis Cardinals; and 2) if you have a favorite password you like to use on various sites, you're asking for trouble. [6/17/15]

The FDIC's proposed premium solution is costly and delivers no benefit to the deposit insurance fund. Here's why. [6/17/15]

How exactly do you build that perfect policy? Sometimes the best way to figure out how to make the perfect policy is by hearing what elements contribute to a bad one. Four mistakes are the most commonly made, yet the most important to avoid. [6/16/15]

A year after enduring negative attention in the media for its employment evaluation practices and subsequently pledging to put its house in order, the CFPB is still the subject of dozens of equal opportunity complaints. Of the four federal banking agencies, it has the most EEO complaints, despite have the fewest employees. "I don't think the CFPB is scared of Congress. They weathered the storm and feel more empowered." [6/16/15]

A popular cloud-based password management service is the latest to suffer a data breach. [6/16/15]

Efforts to negotiate what constitutes fair commercial use of face recognition technology for consumers fall apart, with consumer advocate groups announcing they were withdrawing from talks. [6/16/15]

More heat is on the U.S. Office of Personnel Management on the breach of up to 14 million records, as reports emerged that much of the stolen data were unencrypted. "There is no viable reason for sensitive government data to be left in a database that was cleartext and unencrypted, unless the goal was to have it stolen." [6/15/15]

An article in the New York Times that described openly refusing to pay student debt was the most read piece last week on the website and described three steps others might want to consider to follow in the author's footsteps. Here's why his approach might be flawed. [6/15/15]