"We've never really figured out a justification for why we should make 3 percentage points on one customer and half a percentage point on another customer," said Don Beyer, a congressional candidate and auto dealer.

Top Stories

The Volcker Rule's data-intensive requirements are creating headaches for banks that still rely on manual processes and use multiple, disparate systems for securities and different derivatives trading.  more »
The payments company and big-bank trade group plans to create a ubiquitous, real-time payment system over the coming years, supplementing the push for same-day settlement of ACH transactions.  more »
A top enforcer for the SEC says the agency is worried that banks are concealing asset risk while also discussing his strategy for uncovering wrongdoing by banks and other firms.  read more »
Richard Davis, the head of U.S. Bancorp, is generally known for conservative, reliable guidance, but he is sticking by his rosy forecast for 2015 despite an economy with a lot of question marks and his bank's flat third-quarter performance.  read more »
Disruptors
BBVA Uses 'Android Strategy' to Manage Apple Pay Adoption
PHOENIX – BBVA has had success in several markets with mobile wallets that blend Near Field Communication (NFC), loyalty and other technologies. But this week's launch of Apple Pay is challenging the bank to ensure its card app remains relevant.  read more »
To win over younger customers, banks must offer free products that work straight out of the box, while also reducing red tape. To hire the best millennial-generation employees, banks need to appeal to younger workers' global values.  read more »
Banks are bound to confront knotty privacy questions as they strive to make smarter use of customer data and experiment with technologies like wireless beacons, geolocation and algorithm-recommended offers.  read more »
The Mississippi company withdrew two merger applications in August after the FDIC targeted its Bank Secrecy Act compliance. Management says i has made significant progress and is looking forward to a follow-up exam early next year.  read more »
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