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It's nearly Halloween, so it seems a fitting time to mention a ghoulish story from the Golden State: the plan by Technology Credit Union to convert to a bank.
October 24
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The University of Southern California Credit Union's experience is a textbook case study of creating value and differentiation with private student loans.
October 24
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The recent public exchange between the Wisconsin Bankers Association and the Wisconsin Credit Union League over member business lending sounds a lot like what has been going on in our nation's capital for months. A stalemate between two parties who argue they can do it better, yet no one gets the job done.
October 24
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Right now, the government is at risk for an increased share of the reduced amount of residential mortgages that are being produced. This is another damnable result of the recent crisis. No proposed remedy for it has attracted much support. I'll suggest alternatives.
October 21
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Wells Fargo blames a printing error for mailing numerous customers statement details from other people.The error led to the names, account numbers and, in some cases, Social Security numbers of affected customers being added to the statements of strangers.
October 21
Arizent -
Two men were arrested Thursday for an alleged card-skimming scam. The suspects were arrested after bank employees noticed them using what looked like counterfeit cards to make withdrawals.
October 21
Arizent -
As Occupy Wall Street gains national attention bashing bankers, it's giving a free ride to the 'Other 99%' who enjoy the perks of a nation living beyond its means.
October 21
American Banker -
Was the Fed trying to convince itself foreclosure isnt that bad? Would they roll out the pie charts and PowerPoint presentations to convince the rest of the financial community, Congress and the like, that homeowners dont have to fear deterioration of lifestyle, maybe just a bit of downsizing?
October 20
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Apple's latest iPhone comes with a virtual personal assistant, Siri, that responds to spoken commands to write emails, text messages, place phone calls and more. But by default, it does not shut off when the phone is locked, making it possible for an unauthorized user to access sensitive information.
October 20
Arizent -
Groups similar to Occupy Wall Street have sprouted up in cities across the country like crab grass in August. Now into their second month of protests, these young Americans are objecting to bank bailouts, foreclosures, millionaires, and even capitalism.
October 20