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Jeff Horwitz

Recent Stories From this Author

Consumer Bureau Threatens Banks' Credit Card Protection Profits
February 6, 2012 Banks have been accused of ripping off consumers for insurance-like credit card products. Now critics who say the payment...

Lawyers Face Uphill Climb in Challenging Payment Protection
February 6, 2012 Banks have faced onslaughts of litigation for several years over their credit card payment protection plans. But so far legal...

JPMorgan to Pay $110 Million to Settle Overdraft Claims
February 4, 2012 Bank files preliminary pact over claims that it racked up a half-billion dollars in wrongful overdraft fees every year.

FHFA Backing Away from Radical Servicing-Fee Changes
February 1, 2012 The Federal Housing Finance Agency is preparing to back away from a controversial plan to overhaul the servicing fees paid on...

'Robo' Credit Card Suits Menace Banks
January 30, 2012 Banks, collections agencies face a rising tide of challenges that echo the mortgage market's documentation scandal.

Dodging Doc Problems
January 30, 2012 Christopher Willis, a litigation partner at Ballard Spahr LLP who defends banks in consumer finance cases, insists that...

Flurry of Subpoenas Raises Force-Placed Stakes
January 27, 2012 The financial industry's troubles with a controversial type of insurance coverage appear to be spreading to new areas as New...

Bank of the West Settles Mass Overdraft Case
January 20, 2012 Bank of the West is on the brink of settling a lawsuit targeting its overdraft fee practices, making it the tenth bank to buy...

B of A Can Cut, But Can it Earn?
January 19, 2012 B of A showed improvement in the fourth quarter, but it is counting on its ability to expand through earnings as well as keep...

Banks Face Thicket of Force-Placed Threats
January 18, 2012 A New York probe has brought national attention to banks' alleged self-dealing in the sale of force-placed insurance. But the...

Survey

Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?
Yes. Facebook Credits threatens to cut off banks from transactions and customer data.
No. A system the enables users to pay for online games and page upgrades is a harmless niche.
Maybe. It depends on whether Facebook makes an aggressive move into ecommerce.
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