Links in “Banks”
- Cuba and You: Finally Out of that Sticky, Red Tape
Obama made history when he eased the nationâs long-standing economic sanctions against Cuba. But before you break out your cigar, there are just a few, simple changes you should know. [3/3/15]
- Mr. Cordray, Meet the New House
House Financial Services Committee gets a chance to have a chat today with Mr. Cordray, director of the CFPB, the first time since the changing of the guard. Could be interesting. [3/3/15]
- Trade Group’s Priority #1: Regulatory Relief
Relief from crushing regulatory relief in the form of tiered regulations is the top priority of the ICBA, the trade group announced today. Not far behind is replacing the single director at the CFPB with a five-member commission. [3/3/15]
- “Inaccurate Representations” Lead Ed. Dept. to Sever Ties with 5 Student Loan Collectors
The Department of Education was getting heat for its lax oversight of the third parties that manage its $744 billion in student loans, so it is ending contracts with five companies for making "materially inaccurate representations" to borrowers who had fallen behind. [3/3/15]
- Mobile Insecurity: 75% of Mobile Apps Fail Basic Security Tests
PC security continues to matter more than mobile. Bottom line: assume your mobile device is compromised. [3/2/15]
- Largest Bank Failure in 5 Years
Doral Bank (Puerto Rico) failed Friday. It wasn't pretty. The FDIC leaked the news prematurely. The bank had 26 branches and $5.9 billion in assets. [3/2/15]
- New DOJ Chief’s Take on Operation Choke Point and Marijuana
There's a changing of the guard at the Department of Justice. Loretta Lynch's confirmations gave some vague glimpses to how her tenure at the DOJ might impact Operation Choke Point and marijuana banking. [3/2/15]
- What’s in a Stress Test?
A peek into the Fed's process of conducting a stress test. [3/2/15]
- Holder Gives DOJ 90 Days to Bring Cases Against Individual Bankers
Seven years after the financial crisis, the Department of Justice has yet to successfully prosecute individual Wall Street bankers for their role in inflating the real-estate bubble. Holder gives his staff 90 days to come up with new civil or criminal prosecutions. [3/2/15]
- Well, Look Who’s in the Shadow Cloud Right Beside You
A survey finds that public sector employees are using about 10 times more shadow cloud services than their IT department even knows about. On average, there are 721 cloud services running inside government organizations, and IT manages only 61 of them, even though government networks "should be better locked down than private sector networks." [2/27/15]
