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Risk Management

Jeffrey Golant, an attorney on the case, representing a plaintiff in Florida
A federal judge has granted approval for a Florida force-placed insurance class action to proceed against Wells Fargo and QBE Insurance. Evidence already uncovered in the case poses added peril to the defendants and other banks.
RISK MANAGEMENT WEEKLY UPDATE
A newsletter featuring American Banker’s top risk management stories plus special reports and data

Breaking News

Never mind the shadow inventory of homes ultimately destined for foreclosure. By some lights, the broader excess stock of housing – both for rent and for sale – is manageable, and grounds for a bull case on construction, and maybe construction lending.

Image: ThinkStock
Smartphones and social media are still relatively new frontiers for consumer banking, and they pose new risks.

It's a common story: merchant suffers payment data breach, merchant's acquirer gets fined, acquirer passes fine to merchant. Usually, life goes on. But an ongoing lawsuit against a Utah restaurant could shake things up for banks.

American Banker reporter Jeremy Quittner
American Banker reporter Jeremey Quittner discusses how the serious setback at the Internet search giant is adding more uncertainty to the future of digital payments.

The shutdown of TradeHill, which exchanged digital currency for dollars and euros, underscores the regulatory and legal obstacles facing would-be disruptors in the payments business. Facebook is proceeding cautiously.

Paul Volcker (Image: Bloomberg News)
Perversely, the proposed compliance framework presumes that a banking entity has violated the Volcker Rule unless the entity can prove otherwise.
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