Quantcast
Channel: Banker Resource
Browsing latest articles
Browse All 386 View Live

Overview of the Recent Changes to the Reverse Mortgage Rules

The changes that are evident in the revision of the reverse mortgage rules show that the government plans to continue their trend of slowly making the regulations around this more stringent. The...

View Article



BNZ Technology to Read Your Face for Feedback

Micro-expressions have long been under study by psychologists. Brought to light by the ground-breaking work done by Paul Ekman, it has been proved that all human emotion can be read through muscular...

View Article

New Set of Guidelines Brought In By OCC with Regard to the Appointment of...

New changes have been introduced in the standards for banks that hire independent consultants while under any sort of enrollment action. These new standards were recently issued by the Office of the...

View Article

Student Loan Market in for Some Serious Trouble

In a recent meet at the Federal Reserve Bank of St. Louis, Rohit Chopra from Consumer Financial Protection Bureau said that it would be very irresponsible of the financial regulators if they made any...

View Article

Derivatives Regulator to Be Sued by Wall Street

The Obama administration has appointed Gary Gensler as the chief financial regulator for Wall Street and its banks. Gary Gensler was formerly employed by Goldman Sachs. He is now in charge of directing...

View Article


Volcker Rule about to be Toughened

Legislators in Washington sat down to review and propose amendment to the Volcker rule to the Dodd Frank act. The rule which was intended to keep financial firms away from reckless speculation was in...

View Article

Strategies for Managing Vendor and Third Party Risk

The Office of the Comptroller of the Currency has become the first main banking regulator that has issued an update on the guidelines of third party risks. Other federal bank regulators are expected to...

View Article

Regulators Are about to Vote on Volcker Rule

The controversial Volcker Rule which will ban proprietary trading by US financial institutions will soon be put to vote by regulators. The Rule which was in the making for a long time is being...

View Article


Commercial Loan Guarantees

A guaranty is an agreement that has been made by a third party to pay and/or perform the commitments or obligations of a debtor to satisfy the debt that is owed to a creditor. This is generally upon...

View Article


FDIC Set to Unveil its `Single Point' Plan

The Federal Deposit Insurance Corporation is all set to release the long awaited document which outlines the details of how it plans on using ?single entry point method for rebuilding failed companies....

View Article

Final Volcker Rule Unveiled

After three long years, five federal agencies have finally managed to unveil one of the most sought after rules. The agencies recently managed in implementing a ban that will stop banks from playing...

View Article

How Can the City Charge Me 30x More Than it Charges My Neighbors?

Sometimes the government flushes fairness down the sewer when assessing fees against property...

View Article

Why Should I Care About Details of Compliance with the Equal Credit...

Both actual and punitive damages are available for violations of the equal credit opportunity act...

View Article


Right to Collect

Will I jeopardize my right to collect if I file a 1099 Form on the debtor?...

View Article

Fast Identity Online Alliance Gets a New Member with Discover Financial...

Discover Financial Services is a payment and direct banking services company and is one of the most well-known brands in the US financial services market. Since it was founded, the organization has...

View Article


Municipal Bankruptcies

The City can raise taxes, so it can pay me, right?...

View Article

Unpaid Workers and Fair Labor Standards Act Compliance

Can I really be sued for giving students opportunities as unpaid interns?...

View Article


Can a Farmer be Prevented from Growing a Crop?

Can a farmer really be prevented from growing a crop from the seeds of plants that he grew?...

View Article

Banking Industry Gains Momentum

The year ended on a good note for the banking sector when the industry displayed signs of accelerated growth. This was for the first time since after spring that the banking industry experienced such...

View Article

How the Volcker Rule Will Affect You

Over the past weeks there has been lot of talking about the Volcker Rule. What is this rule anyway and why is everyone talking about it? To begin with, this rule forms a part of Dodd-Frank Financial...

View Article

JPMorgan Settles to Pay $1.7 Billion for Madoff Scam Involvement

Over the past few months, JPMorgan Chase & Co. has been grabbing the headlines, but for all the wrong reasons. Perhaps the decision to pay $1.7 billion for resolving certain US claims is one...

View Article


FFIEC's Outsourced Cloud Computing Standards

Of late, terms like ?cloud-based and ?cloud-computing are being used for describing a huge range of technological products. Last year, Federal Financial Institutions Examination Council published...

View Article


Change in Senate's Filibuster Rules

The decision of the Democrats of the Senate to change the filibuster rules has brought about a change in the composition of a federal appeals court. This move even has the potential to bolster up...

View Article

Admissions of Fault

Question: Shouldn't I just acknowledge the credit problem and fix it? Answer: Be careful, admissions of fault can be used against you in court!

View Article

Wells Fargo Tells Staff Not to Be Part of P2P Lending

American multinational bank and financial services firm, Wells Fargo, has asked its employees not to take part in peer to peer (P2P) lending, according to recent reports. This move comes at the back of...

View Article


My Advice to Those Starting a Career in Banking

I have enjoyed a thirty year career in banking. I have been glorified, vilified, promoted, demoted, fired, rehired, and encountered just about every circumstance good and not so good that one can...

View Article

CEO of BitInstant, Charlie Shrem Arrested

The arrest of CEO of BitInstant, Charlie Shrem, left everyone in the industry shocked. US government agents arrested Shrem under the charges of money laundering for customers of Silk Road which is an...

View Article

Challenges Faced by Banks with the Legalization of Marijuana

As Marijuana has been legalized in almost twenty states in the US, there is a lot of dependence on banks to help lawful businesses maintain their money. In the current scenario, these businesses keep...

View Article

Effect of Target Data Breach on Mortgage Lending

Major retailer, Target, had their data breach become a huge problem for themselves along with their customers, with personal information of a whopping 70 million people compromised between November 27...

View Article



Doctrine of Deepening Insolvency

The Doctrine of Deepening Insolvency is a theory within the law that prolongs a corporation or company's life beyond the scope of insolvency. This prolongation results in increased debt, decreased...

View Article

Bitcoins: Hacking Troubles and Proposed Regulations

Hacking websites is the thing of the past because these hackers have taken fancy to Bitcoins now. According to the spokesperson of one of the main trade organizations of Bitcoins, unknown computer...

View Article

Justice Department Sued Over Settlement with JP Morgan Chase

The Justice Department was recently sued by a public interest group for its settlement of a record $13 billion with JPMorgan Chase & Co. The group has argued that the deal signed for resolving...

View Article

Should I Ditch My Job Now That I Have Subsidized Health Insurance?

The Affordable Care Act "will raise effective tax rates on earnings from labor and thus will reduce the amount of labor that some workers choose to supply," according to the Congressional Budget...

View Article


Banks Cleared to Offer Financial Services to Legal Pot Dealers

The US government has issued rules permitting banks to legally offer financial services to marijuana businesses licensed by the state. This first-time ruling released on Friday includes the guidance to...

View Article

CFTC Whistleblower Program Expected to Attract More Whistleblowers in 2014

The authorities at the Commodity Futures Trading Commission (CFTC) expect 2014 to be a windfall year for an excellent reason: whistleblowers. The Dodd-Frank Act has increased the demand for CFTC...

View Article

Bitcoins in the United States

Bitcoin is a kind of digital currency based on peer-to-peer, cryptographic protocol. It can be utilized to sell and buy services or products. It can also be used as an account unit. Bitcoins may be...

View Article


Prosecutors Allege Madoff Staff at Fault

An Assistant US Attorney made the argument that there is ample and convincing evidence of five former employees of Bernie Madoff actively participating and profiting from the gargantuan Ponzi scheme...

View Article


Overseas Banks Can No Longer Bypass Fed Rules

Overseas banks that have a major Wall Street presence will no longer benefit from the loopholes in the system, which exempted them from some of the tougher laws placed. The Federal Reserve had made...

View Article

US Bank Tests Voice Biometrics for Customer Authentication

US Bank, a unit of US Bancorp, recently announced that it was testing the concept of voice verification or biometrics for use among its customers for accessing their accounts. The bank is among a list...

View Article

Ability to Repay and Qualified Mortgage Rules Under the Dodd-Frank Act

The Dodd-Frank Act was made a law on July 21, 2010. This Act needed the making of a Qualified Mortgage Rule (QM rule) to lessen the probability of risk due to default in the US lending industry. The...

View Article

Individual Income-tax Filing Season 2014 Ends on April 15 - Know the...

The American income-tax filing season 2014 gets over on April 15 for citizens who must file their individual income tax returns. If you haven't already filed your returns, it's time to gear up. That...

View Article


Preparing for Mobile Payments

Recently, ZAPP, UKs leading mobile payment brand, announced partnerships with some of the leading financial institutions in the United Kingdom including HSBC, Nationwide, Metro Bank to offer mobile...

View Article

Republicans Press to Muzzle CFPB

Conservatives are fuming at the Consumer Financial Protection Bureau (CFPB) owing to the presence of a socialist in its advisory board. They are pressing Congress to force more transparency on the...

View Article


Bank of America to Pay $727 Million For Unfair Credit Card Practices

The Consumer Financial Protection Bureau (CFPB) has brought another errant company to book. It has ordered Bank of America to pay its customers $727 million in damages for indulging in unfair practices...

View Article

Regulators Tighten Rules on Vendor Management

While the financial services industry is not new to vendor management and oversight issues, the enforcement measures taken by Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller...

View Article


Due Diligence for Participation Loans

Lenders such as banks and financial institutions loan money on a regular basis to individuals, companies and even the government. These loans are required for various purposes. Banks use this money for...

View Article

Banks Use Predictive Analytics and Information Sharing to Battle Cybercriminals

Cyber crimes can no longer be ignored. Malware attacks, like Automatic Transfer System (ATS), are not a hypothetical situation, they are happening in the real world.

View Article

Customer Complaint Resolution

Now more than ever, excellent customer service is vital for the proper functioning of the banking industry. If customers lose faith in the process of banks, they may resort to alternative currency...

View Article

Basel III Implementation in the U.S.

The economic crisis that began in 2007 and accelerated dramatically in 2008 reached the peak of its impact at the beginning of 2009 as President Barack Obama took office in the United States. Shortly...

View Article


CFPB Proposes Rule to Increase Efficiency of Privacy Disclosures

The Consumer Financial Protection Bureau has spent its initial years in existence taking on rogue collection agencies, exploitative banks, and tough credit card terms of service. Its most recent...

View Article

Browsing latest articles
Browse All 386 View Live




Latest Images