BankThink

The Consumer Financial Protection BureauÂ's new regulation governing prepaid cards will disrupt consumer practices, drive up costs and wreak havoc on a fast-growing sector within the payments industry.

Receiving Wide Coverage ... Deutsche's battle plan: Embattled Deutsche Bank said it was cutting another 1,000 full-time positions in Germany, on top of the 3,000 cuts it announced back in June. Separately, the Financial Times reports Deutsche is working on a public spinoff of a minority stake in its asset management division in order to boost capital. Any IPO would come only after it reaches a settlement with the U.S. Department of Justice over allegations it soldÂ...

Banks must work to attract a diverse workforce through recruiting efforts, and to close the retention gap that sees institutions lose a higher percentage of women leaders compared to those who are men.

Wells Fargo has been knocked off its pedestal, but it is imperative that the company move forward and put this episode behind it.

Receiving Wide Coverage ... Out of the shadows: The Consumer Financial Protection Bureau proposed disclosure and consumer protection rules for prepaid debit cards. Under the proposal, which would take effect in a year, prepaid cards would be required to carry a standardized disclosure of the card's monthly fee as well as details on fees for cash withdrawals, customer service calls, overdrafts and reloads. The cards would also have to provide the same liability protection that appliesÂ...