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March 1, 2013
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News for the retail banking industry

  Top Story 
  • FHA will issue its own QM rule
    The Federal Housing Administration says it will publish its own version of a rule issued by the Consumer Financial Protection Bureau that addresses a borrower's ability to repay a mortgage. The Dodd-Frank Act allows the FHA to devise its own qualified-mortgage rule. The agency says upcoming fee increases could disqualify FHA loans from the CFPB's definition. Bloomberg (2/28) LinkedInFacebookTwitterEmail this Story
  Retail Banking Roundup 
  Industry News 
  • Report: Student-loan delinquencies rising
    Thirty-five percent of student-loan borrowers under age 30 are at least 90 days overdue on payments, an increase from the 26% reported in 2008 and 21% in 2004, according to a report by the Federal Reserve Bank of New York. Almost 47% of borrowers have balances between $10,000 and $50,000, up from 38% in 2005, the report says. The Wall Street Journal (2/28) LinkedInFacebookTwitterEmail this Story
  • Cyberattacks can increase customer mistrust, Raskin says
    Federal Reserve Board Gov. Sarah Bloom Raskin warns that the increasing number of cyberattacks on financial institutions can damage the industry's reputation and could lead to the "total loss of consumer confidence." While joint efforts are underway between the government and banks to ward off such attacks, such incidents fuel customer mistrust of banks, she says. (free registration) (2/28) LinkedInFacebookTwitterEmail this Story
  Legislative Affairs 
  • Bipartisan duo plans legislation targeting "too big to fail"
    Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., say they plan to introduce a bill that would address concerns about banks that are "too big to fail," partly by requiring large banks to hold more capital. Meanwhile, JPMorgan Chase CEO Jamie Dimon says processes need to be in place to allow banks to fail and that small banks are not the solution. "We've raised $7.5 trillion [in financing] for customers. We cannot be replaced by small banks," he said. (free registration) (2/28), San Antonio Express-News (2/28) LinkedInFacebookTwitterEmail this Story
  The Future of Money 
  Career Development 
  • Leading your company through positive change
    Positioning a good business to be even better requires going beyond setting up the right structure, Robert S. Olszewski says. He advises companies to evaluate how they can cut waste in seven key areas, identify their sustainable competitive advantage and disrupt routines. "Companies that can clearly demonstrate why and how the change will have a positive impact, leading to dissatisfaction, have a higher probability of effective change," he says. Smart Business/Philadelphia (2/2013) LinkedInFacebookTwitterEmail this Story
  CBA Connect 
  • CBA LIVE 2013: The Future of Money
    Are you ready for the Future of Money? CBA LIVE 2013, March 11-13 in Phoenix, Ariz., will bring together the top executives in retail banking to learn, exchange ideas and identify solutions to the challenges facing our industry. Our 2012 event was a record-breaking success with more than 1,000 banking leaders in attendance! Now in its fourth year, CBA LIVE features expert panels and distinguished speakers across nine forums of tailored programming. Reserve your space today and join us for this must-attend event. LinkedInFacebookTwitterEmail this Story

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