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- TIME Money: Bank of America is paying up for the mortgage mess, but who will get the money?
- Business Insider: Online banking or shopping: What’s more secure?
- Forbes: Too big to fail banks have paid $251 billion in fines for sins committed since 2008
- Reuters: FBI, Secret Service investigate reports of cyber attacks on U.S. banks
- MoneyBeat: Banks face 9% slide in FICC revenues this year
- ABA Banking Journal: Disney’s digital playbook
- Gallup: The challenges and opportunities for digitizing payments worldwide
- Deluxe FI: How protecting customers from fraud helps the bottom line
- BankThink: When vendor risk management goes too far
- Monitise Mobile FI: 91% of mobile banking customers want fraud alerts
- American Banker: The ‘Long Tail’ Model Is Coming to Banking
- Bank Credit News: Obama Nominates Former Freddie Mac Chairman John Koskinen to Head IRS
- Bank Director: What is the Worst Aspect of Dodd-Frank?
- CBInsight: ABA marketing conference highlights from San Antonio
- RMA Blog: CFPB issues additional modifications to mortgage rules
The banks has agreed to provide billions of dollars in "consumer relief." Here's what that actually means. by. Jacob Davidson Last week, Bank of America agreed to pay almost $17 billion dollars in a settlement with the Justice Department. The settlement is about what Bank of America (and Merrill Lynch and Countrywide, which BoA later acquired) disclosed to investors about mortgage-backed securities, not about how it treated homeowners. Nonetheless, a large portion of the settlement—$7 billion—will be used for consumer relief.So who [...]0 Read More
by. Matthew J. Belvedere With troubling headlines this week about five banks being hacked, consumers are again faced with questions about the vulnerability of their online transactions. The scope of the bank attacks is still rather vague, with only JPMorgan acknowledging a breach and an FBI investigation, though not yet detailing what information might have been compromised. Rep. Mike Rogers, R-Mich., chairman of the House Intelligence Committee, called the breaches "very sophisticated" and were likely state-sponsored. There have been reports that Russian hackers were to [...]0 Read More
by. Robert Lenzner I was shocked to learn today that a group of the largest banks in the world, the very ones Uncle Sam spent big bucks on to save in 2008, have since then anted back to Uncle Sam a cool quarter of trillion so far in the way of fines for engaging in some of the very behavior that required they be bailed out. Thanks to the estimable London School of Economics’ Conduct Costs Foundation for doing this incredibly valuable spade-work for us, [...]0 Read More
by. Leora KlapperIn updating the Findex database on financial inclusion over the 2014 calendar year, I had the pleasure of traveling with Gallup to pilot our expanded questionnaire. We visited people’s homes and asked them to describe to us how they save, borrow, make payments, and manage their risk.A man who lives in a small home in a Kolkata slum with his wife, children, and parents works as a driver, and is paid directly to a bank account that was opened for [...]0 Read More
Posted August 29, 2014
As public concern about identity theft and fraud continues to escalate, it has become more critical than ever for financial [...]0 Read More
Posted August 28, 2014
Although prepaid debit cards are one the hottest financial product around today – they grew an eye-popping 71% between 2009 and [...]0 Read More