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CFPB Takes Aim at Overdraft Fees

For banks, the Consumer Financial Protection Bureau's plan to take a close look at checking account overdraft fees puts a multi-billion dollar source of revenue at risk.

Community Banks Push Congress to Extend TAG

Some small banks fear the expiration of FDIC loan guarantees will cost them deposits. Others say the Transaction Account Guarantee program has served its purpose and should go away.

CFPB Targets Debt Collectors, Credit Reporting Firms

The Consumer Financial Protection Bureau's plan to begin supervising debt collectors and credit reporting firms could prove troublesome to banks.

Google Security Flaw May Snag Other E-Wallets

The Internet search giant suffered a serious setback that adds more uncertainty to the future of digital payments.

What the CapOne-ING Direct Deal Means to Banking

The Federal Reserve approved Capital One's acquisition of ING Direct late Tuesday with few strings attached. The decision had big banks and dealmakers breathing a sigh of relive and consumer advocates steaming.

Dodd-Frank Prompts Frost National to Dump Federal Charter

The San Antonio, Texas bank blasted excessive federal regulation in announcing it will replace its federal charter with a state one.

The Politics and Policy Behind Obama's Bank Tax Bid

President Obama announced Monday a doubling of a proposed tax on big banks to $61 billion. For the White House, the political appeal is obvious but the proposal itself appears highly unlikely to ever become law.

What the Mortgage Settlement Means to Banks

The mortgage settlement was a political coup for President Obama and state attorneys general. For banks, it was merely the latest turn in a long and winding effort to put housing problems behind them.

Facebook Moves into Payments

The social networking giant is already a half-billion dollar payment company. For banks, that presents threats and opportunities.

The New Threat to Payment Protection Plans

Banks have been successful at beating back legal challenges to credit card payment protection plans. The Consumer Financial Protection Bureau could change that.

Handicapping the Latest Obama Refi Plan

The administration rolled out details of a new plan to help millions of homeowners refinance. For banks, the big question is how much of the tab they'll be required to pick up.

Banks Fret Over CFPB Data Confidentiality

Bankers are up in arms over the fact that a Congressional oversight has raised doubts about whether documents submitted to the Consumer Financial Protection Bureau will retain attorney-client privilege.

What JPMorgan's Overdraft Settlement Means to Other Banks

JPMorgan Chase has tentatively agreed to pay $110 million over allegations that it charged customers excessive overdraft fees. Editors discuss the deal's importance to the other banks trying to settle overdraft claims.

Related article: JPMorgan to Pay $110 Million to Settle Overdraft Claims

Mortgage Mayhem: Big Banks Shun Correspondent Lending

The nation's largest banks are pulling back from buying mortgages, with grim implication for small originators and the housing market.

Green Dot Challenges Banks

The prepaid card company plans to offer traditional bank accounts. Its target market goes well beyond the underbanked.

Why the President's New Refi Plan Is Unlikely to Re-Float Housing

President Obama unveiled a new home refinancing plan during his State of the Union address. So far it is short on details and looks destined to fare no better than its predecessors.

New IT Standard Could Help Banks Cut Costs

A new services-oriented architecture standard for banks could help them ease integration projects and save money. We talk to Hans Tesselaar, Executive Director of the Banking Industry Architecture Network, and Gartner analysts Mary Knox and Don Free about the SOA standard and what it could accomplish.

Obama's Mortgage Task Force: A Triumph of Politics?

The president has assembled a new group of state and federal law enforcers to right mortgage wrongs, but observers doubt it will leave much of a mark.

Personal Loans Luring Banks with High Risks, High Rewards

Banks are pulling a page out of the past and expanding personal installment lending — in part to avoid the regulatory burdens in other markets.

Using Social Media to Improve Loans and Collections

Banks begin turning to Facebook and other sites to size up customers. Regulations require that they proceed with caution.

  • Going for the Gold: Banks Earn Awards for Online Efforts
  • The Week in Security
  • Breaking Down the Budget
  • Odd Foreclosures
  • Google Wallet's Security Woes
  • Interpreting the $25B Mortgage Settlement
  • The Week in Security
  • Cards and Cachet
  • The Week in Security
  • Deals, Animal Spirits and the Bottom Line
  • Retail-Card Resurgence
Going for the Gold: Banks Earn Awards for Online Efforts

Consulting firm Corporate Insight recently rolled out the proverbial red carpet for its tenth annual Bank Monitor Awards, which honor banks with gold, silver or bronze medals for their online banking features. The banks are compared to a baseline developed by the firm, not with each other, so more than one bank can qualify for each medal in each category. Bank of America led the pack with four gold medals.

Bank Technology News Magazine
Cover Story

Tech-Savvy C-Suites

The FinTech 100

The velocity of change in the financial services industry is monumentalThis year's FinTech 100 and Enterprise 25 companies are responding. Fiserv remains on top and six new companies join the list.

25MPWIB

Nomination forms are now available for the 9th Annual ranking of The 25 Most Powerful Women in Banking, the 25 Women to Watch, The 25 Most Powerful Women in Finance and the Top Banking Teams.
 
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