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December 24, 2012
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News for the retail banking industry

  Top Story 
  • OCC warns banks to report cyberattacks
    The Office of the Comptroller of the Currency has told banks to report cyberattacks to law enforcement officials and to let customers know how the attacks will affect them. The warning comes in the wake of several denial-of-service attacks on large banks last week. Some analysts say the OCC might incorporate its reporting instructions to banks into its regular examination activities. Bloomberg Businessweek (12/21) LinkedInFacebookTwitterEmail this Story
  The CFPB Today 
  • CFPB, states win case against Fla. company
    A court has ordered Florida-based Payday Loan Debt Solution to pay as much as $100,000 in customer refunds as a result of an enforcement action from the Consumer Financial Protection Bureau and five states. The firm violated state and federal laws by charging upfront fees for its services. The case, which is the CFPB's first joint enforcement action with its state allies, involves four state attorneys general and Hawaii's Office of Consumer Protection. Bloomberg (12/21) LinkedInFacebookTwitterEmail this Story
  Retail Banking Roundup 
  • Trends in small-business lending during 2012
    The volume of U.S. Small Business Administration loans made during 2012 was the second-highest on record, after 2011. Also this past year, banks and small businesses increasingly relied on Internet technology for loan applications, and more businesses looked to alternative lenders for financing, writes Rohit Arora, CEO of Biz2Credit. Fox Business Small Business Center (12/18) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Borrowers complain about effects of shared-loss agreements
    Some borrowers are complaining about banks that acquire failed institutions under a Federal Deposit Insurance Corp. loss-sharing agreement and then demand repayment of delinquent or maturing loans. The FDIC's practice of reimbursing the purchasing bank for 80% of lost principal gives that bank little reason to work with struggling borrowers, they say. The FDIC defended the agreements and the way banks handle acquired loans. The Charlotte Observer (N.C.) (12/22) LinkedInFacebookTwitterEmail this Story
  • Other News
  Legislative Affairs 
  Hot Topics 

Top five news stories selected by CBA SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  CBA Connect 
  • CBA's Banking on Youth Competition -- Call for Sponsors
      
    Now is your chance to join fellow bankers to support the 2013 Banking on Youth Competition. The program's inaugural year was a great success with 13 sponsoring banks and more than 170 entries from youth teams across 33 states. Sponsorship opportunities for 2013 are still available, ranging from $3,000 to $40,000. Visit our website and learn how you can support this growing competition and connect with America's young entrepreneurs to build sustainable ventures. Contact CBA for more information. LinkedInFacebookTwitterEmail this Story

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  Editor's Note 
  • SmartBrief will not publish Tuesday
    In observance of Christmas, SmartBrief will not publish Tuesday. Publication will resume Wednesday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
  SmartQuote 
In seed time learn, in harvest teach, in winter enjoy."
--William Blake,
British poet and painter


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