Links in “Banks”
- Wall Street Journal Pegs New Senate Banking Chair as Top Leader to Watch
In Wall Street Journal's article on five Senate Committee leaders to watch, Sen. Richard Shelby (R-Alabama), chair of the Senate Banking Committee, came out on top. His relationship with the panel's ranking democrat is seen as the key to whether broader policy efforts receive bipartisan support. [1/8/15]
- What’s Behind Falling Consumer Delinquencies?
Delinquencies fall in seven out of 11 consumer categories, reaching a record-low composite ratio. Job growth, lower gas prices, and a steady housing market recovery are cited as reasons. [1/8/15]
- Dealing with CFPB’s Growing Pains in 2015
The CFPB is in its adolescence, in the sense that it is still trying to figure out its role, creating headaches for financial institutions as they seek to anticipate where it is headed in 2015. [1/8/15]
- Focus on Response to Cyber Attacks
Cyber attacks aren't going away in 2015. What remains to be seen is whether organizations will start responding better. Intrusions must be detected and contained quickly. [1/7/15]
- White House Picks Former Bank CEO for Fed Board
After a long campaign by community banks for a seat on the Fed board, the White House announced it would nominate Allan Landon, former chairman and CEO of the Bank of Hawaii, to one of two vacancies on the seven-member board. [1/7/15]
- CFPB’s New Sheriff
The CFPB has officially named Tony Alexis to run its 130-person enforcement division. Alexis is a former federal prosecutor who has been serving as acting enforcement director. The bureau's enforcement chief has been on medical leave for more than a year. [1/7/15]
- Disparate Impact on the Docket
Disparate impact may finally have its day in court as the U.S. Supreme Court is scheduled to begin hearing arguments on Jan. 21. Previous cases involving the controversial concept, in which neutral practices that have a discriminatory effect are considered actionable, have settled before reaching the nation's top court. [1/6/15]
- What’s on the CFPB’s Dance Card in 2015?
Payday loans, debt collection, overdraft protection and more. Here's a breakdown of the CFPB's action-packed agenda for 2015. [1/6/15]
- CFPB’s Workforce Grows by 9% in 2014
CFPB's fourth annual report on its workforce shows that it had 1,419 employees as of September 2014, compared to 1,302 employees at the same time the year before. [1/6/15]
- Expect Fraud Rush Ahead of EMV Roll Out
Expect fraudsters to speed up efforts to steal magnetic strip and PIN data while they can still be used in counterfeit card fraud ahead of the EMV roll out. That's one of several fraud trends predicted for 2015 in this post. [1/6/15]
