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The Consumer Financial Protection Bureau said Wednesday that it was seeking comment on a so-called "safe student account scorecard" that colleges could use to see how banks structure the fees, features and "sales tactics" of financial products to students before forming a partnership.
January 14 -
Small banks aren't disappearing-they're just getting bigger. Meanwhile, their large competitors are exiting business lines and selling off units. These changes suggest that regulators would be better off issuing rules based on lenders' level of complexity, relieving institutions that operate by a core banking model of unnecessary burdens.
January 14 -
Doral Financial continues to go back and forth with the Federal Deposit Insurance Corp. over the San Juan, Puerto Rico, company's capital restoration plan.
January 12
The Bancorp in Wilmington, Del., said the Federal Deposit Insurance Corp. will assess an insurance premium surcharge after a broader ruling on the status of prepaid cards.
The FDIC recently determined that certain prepaid accounts, including general purpose prepaid cards, should be reported as brokered deposits. Generally, FDIC insurance premiums can increase when brokered deposit balances rise above a predetermined level.
The $4.3 billion-asset Bancorp
The company, which has been
