Links in “Banks”
- Pointing Fingers After a Cyber Breach Misses the Point
While discovering who is responsible for a data breach might lead to recourse, it takes a lot of valuable time that is needed to identify what happened and what can be done to stop it from happening again. [2/23/15]
- Rumors of Operation Choke Point’s Demise Exaggerated
While the FDIC may be seeking to distance itself from Operation Choke Point, it doesn't appear that the initiative to choke off from the legitimate banking system lines of businesses deemed undesirable by the government is going away anytime soon. Early Warning, a fraud prevention company owned by several large banks, is cutting off lenders that charge high interest rates at the request of its owners "as well as various regulators." [2/23/15]
- Risk Watch 50: Sink or Swim: Concepts for Saving Small Institutions from Extinction
The market share for smaller financial institutions is shrinking at an alarming rate. Are they headed for extinction, or is there something that can be done to counter the trend? In this video, AffirmX analyst Henry Miles discusses a Harvard Kennedy School report titled âThe State and Fate of Community Banking.â [2/20/15]
- Swagger Gone? Dodd-Frank’s Humbling Effect on the Big Banks
Even the harshest industry critics say that banks have been forced to reconsider every business line and have had much of their confidence dashed. [2/20/15]
- Is the CFPB About to Get a Big Brother?
A bipartisan bill in the House would create an independent inspector general for the CFPB. [2/20/15]
- Payday Lenders: Churches Step Forward Where Regulators Stop
Payday lenders in some southern states may have escaped regulations, but they can't escape the wrath of some major churches, who have passed resolutions calling for curbs on such lending. "It's against every kind of moral instruction we have." [2/20/15]
- Cybersecurity: It Starts with Asking the Right Question
The question shouldn't be "What did you do about Shellshock?" but "How do you manage vulnerability reports by the thousands each quarter without disrupting business?" [2/20/15]
- CU Aquires Bank
Alabama-based credit union acquires a Georgia-based bank that was chartered in 1911, had three branches and assets of $47 million. [2/19/15]
- Industry Groups to CFPB on Auto Lending: Your Preferred Compensation is a Bad Idea
Several trade groups write to the CFPB to tell the bureau that its study of disparities in auto lending was conceptually flawed. What's more, its preferred alternative dealer compensation methods are likely to increase the cost of credit for consumer. [2/19/15]
- Private Student Loan Market Delinquencies Falling
CBA points out that early delinquencies in the private student loan market declined 3%, a 20% improvement over the previous year. [2/19/15]
