Consumer banking
Regulators should be focusing on the greatest risks to the system and the safety and soundness of financial institutions, rather than pushing lawful businesses to the shadow banking system, says consultant and former California regulator Walter Mix.
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Hal Brown and Roger Busse discuss how a thorough succession plan can reassure your regulators, why medical lending has been so hot recently and how to stand out among larger competitors.
August 7 -
On the West Coast, bankers are talking about starting new banks after a long period with scarcely any new charters, according to industry consultant and former California regulator Walter Mix. While in the aftermath of the crisis regulators seemed to have an unofficial moratorium on de novos, they now appear poised to evaluate applications on the merits, he says. Meanwhile, banks seeking approvals for mergers today can expect to be evaluated on a host of compliance matters, including unfair and deceptive acts and practices, Mix says.
August 5
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Following a wave of enforcement actions against global and national institutions, regulators are now scrutinizing the anti-money laundering controls of community banks, says Walter Mix, a consultant and former regulator. Examiners are raising questions about banks' transaction monitoring systems, as well as the documentation supporting decisions about enhanced due diligence (such as whether to file suspicious activity reports), he says.
July 29 -
Amex has rules that bar merchants from steering their customers to a particular card perhaps by offering a discount if you use Visa and the government alleges that these rules violate antitrust law. Whats this case all about? American Banker's editors discuss.
July 8 -
Financial Services Roundtable CEO Tim Pawlenty discusses how banks can better sell themselves to new, young professionals, and how financial services firms are going to increasingly resemble technology companies.
June 19 -
Financial Services Roundtable CEO Tim Pawlenty discusses the after-effects of Dodd-Frank, the need to find regulatory balance between providing protection and hindering economic activity, concerns over the Johnson-Crapo GSE reform proposal, and more.
June 9 -
Ally Bank CEO Barbara Yastine admits theres a drawback to not having bricks and mortar but it isnt enough to make her regret not having branches under the Ally banner, which replaced the GMAC Bank brand five years ago this month. Yastine also discusses Know Your Customer standards and why the company is standing by its indirect auto finance model.
May 29 -
Banks are adding more stock to their top employees' compensation packages, according to executive recruiter Rod Taylor. That can help some bankers reap bigger payouts if they work for a company that is likely to get sold, although for some bankers, "cash is still king," Taylor says.
May 13 -
After decades of neglecting its credit card operations, Wells Fargo this week officially unveiled the new cards that it hopes will boost its consumer lending business. Credit card executive Beverly Anderson discusses the features and fees of the new Propel cards, how Wells plans to get ahead in the ultra-competitive card market and how her business is coping with increased regulation.
May 8
