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A recap of the informed opinions (and the discussions they generated) on BankThink this week.
June 13
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The operators of a massive mobile cramming scheme will surrender more than $10 million in assets to settle Federal Trade Commission charges.
June 13 -
The Chicago Federal Home Loan Bank reaches agreement with Redwood Trust so member institutions can sell loans to the private-label issuer.
June 13 -
DBA International voiced support for the federal enforcement action against the owner of Florida-based debt buyer United Credit Recovery.
June 13 -
Chinese restaurant chain P.F. Chang's has confirmed that the data breach it discovered Tuesday involved the theft of credit and debit cards.
June 13 -
A home builder that offers home financing has settled FTC charges that it deceived consumers by advertising low-cost mortgages while hiding fees and not disclosing critical information.
June 12 -
Green Dot (GDOT) said Thursday that it has hired a PayPal executive to become general manager of its mobile bank account, known as GoBank.
June 12 -
Luvleen Sidhu has been hired by her father -- Jay Sidhu, the head of Customers Bancorp -- to do something a lot of small banks would be afraid to tackle: develop Customers' own mobile banking software.
June 12 -
Since the recession, banks have gradually reinvested more and more of their liquidity in securities. A handful have taken this trend to the extreme, putting nearly all of their deposits into investments and lending almost nothing. While delivering consistent, low-risk profits, the model faces pressure from regulators and the economy.
June 12
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The number of U.K. credit cards with balances that are over-limit reached its lowest point in more than two years, according to data from Fair Isaac Corp. (FICO).
June 12
