BankThink

Dodd-Frank's Legacy Depends on CFPB Flexing Its Muscles

08/03/15

The CFPB's long-term reputation Â-- and perhaps Dodd-Frank's overall success Â-- may well be judged on whether the bureau moves beyond areas where it was specifically instructed to take action and exercises broader authority granted to it by Congress.

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Banks Face Major Pressure to Transform Legacy Payment Systems

08/03/15

Payment system transformation has become a pressing need for banks today. The rate at which this is happening is largely controlled by the conflict between rapid technological shifts and the barriers to product acceptance.

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Morning Scan: HSBC Sells Brazil Unit; Former Mt. Gox CEO Arrested

08/03/15

Receiving Wide Coverage ...

'World's Local Bank' No More: HSBC has agreed to sell its Brazilian unit to Banco Bradesco for $5.2 billion as the bank seeks to scale down and concentrate on its Asian operations. The bank pledged in June to cut 50,000 jobs and retreat from low-performing business lines, with the goal of reducing annual costs by up to $5 billion by the end of 2017. The papers note the bank's retrenchment is a...

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The Truth About This Bank, the Whole Truth, Nothing But: Weekly Wrap

07/31/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including whether independent consultants should be criminally liable for misrepresentations in their reports and whether higher rates will help or hurt banks.

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CFPB Negligence Standard Casts a Broad Net

07/31/15

It's not enough for banks to avoid deceptive practices. As the CFPB's latest enforcement action against JPMorgan Chase makes clear, banks are obligated to ensure their systems protect consumers from easily preventable mistakes.

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Morning Scan: U.S. Investments Banks Have Upper Hand on European Rivals; Student Loans for the Rich

07/31/15

Wall Street Journal

The U.S. may be second fiddle to Europe in the Ryder Cup golf competition, but that's not the case when it comes to investment banking. As Europe's large banks with big investment bank operations talk about doom and gloom, and as their shares plummet, their U.S. counterparts are moving in the opposite direction. ...

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Women in Banking: B of A's New Stress-Testing Boss; Yellen's Report Card

07/30/15

Bank of America puts an HR exec in charge of stress testing, a look at how Yellen compares to Bernanke at the 18-month mark as Fed chair, Sen. Collins tries to help small banks and Cullen/Frost shuffles some key executives.

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How to Show Customers Security Is Job One at Your Bank

07/30/15

Financial institutions take information security concerns very seriously, but few make it a priority to keep accountholders updated on their safeguarding efforts.

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Why the FCC's Robo-Call Ruling Is Unfair to Banks

07/30/15

A recent FCC ruling lumps legitimate businesses in with the telemarketing abusers and will hold banks to unrealistic standards.

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Morning Scan: UBS Case Highlights Clintons' Corporate Ties; Banks Push Derivatives for Capital Help

07/30/15

Wall Street Journal Hillary Clinton's connections to UBS, which has made donations to the family's charitable foundation, comes under the spotlight in a lengthy article. While secretary of state, Clinton worked out a deal between UBS and the Internal Revenue Service; the IRS was trying to obtain information on Americans suspected of trying to dodge taxes through secret Swiss bank accounts. Following Clinton's involvement in the matter, which was seen to have greatly helped UBS, theÂ...

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