Links in “Banks”
- U.S. Intelligence: Cyberattacks a Top 5 Threat
Ranking right up there with Russia, the Islamic State and Iran as far as the top threats facing the U.S. are cyberattacks, according to a report just released by US intelligence officials. [2/27/15]
- Those Who Do Remember History: Part 2
When it comes to compliance, sometimes knowing the âwhyâ can make all the difference.In Part 1 of this series, Ken gave a brief overview of how the metal standards have played their role. In Part 2, he addresses how the reserve requirements factor into the equation and how the pieces fit together. [2/25/15]
- ABA Tempers Glowing Earnings Report
Yes, it's been a strong earnings quarter for banks, but cost-cutting is nearing its limit and regulatory risk continues to increase. [2/25/15]
- What’s Right with Dodd-Frank?
Dodd-Frank has caused its fair share of headaches within the banking industry, but it has not been without its pluses. Increased cooperation between fed and state regulators is one of them. And there are others. [2/25/15]
- Mobile Apps Slow to Patch Vulnerabilities
Months after vulnerabilities in secure socket layers were identified, mobile app developers have failed to provided the needed patches. [2/25/15]
- Unintended Consequences: When Efforts to Prevent Discrimination Lead to Discrimination
American Express has a provision in its contract with merchants against discrimination, but because it charges merchants a higher percentage of each sale, and retailers tend to pass along the higher costs onto all consumers, it's the lower-income shoppers who suffer most. A judge in New York decided to step in. [2/25/15]
- Justice, Treasury, New York Looking into Capital One’s Anti-Money-Laundering Program
Certain check-casher clients and the bank's anti-money-laundering program have attracted subpoena and testimony requests from the DOJ, Treasury, and the New York District Attorney's office. [2/25/15]
- The Quick Fix for Regulatory Relief
Here's how to fix the regulatory problem facing community banks: give regulators the power to exempt institutions with less than $10 billion in assets from existing and new regulations. That's the solution offered by former FDIC chair Sheila Bair. [2/24/15]
- A Peek Inside the CFPB’s Enforcement Action Playbook
When the CFPB is considering whether to handle corrective action through a confidential supervisory approach or a public enforcement action, it refers the matter to its action review committee. The committee considers such factors as the severity of the violation, whether the violation has ceased or is ongoing, the importance of deterrence, the entity's behavior after the violation occurred, how the CFPB has treated similar violations in the past, and the bureau's broader priorities and goals. [2/24/15]
- Postal Union to New Boss: Yes to Post Office Banking
American Postal Workers Union is encouraging new Postmaster General Megan Brennan to let post offices offer financial services. The recently departed post office chief was not a fan of the Post Office Bank idea that many had touted as a way to bolster the struggling agency. [2/23/15]
