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January 18, 2013
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News for the retail banking industry

  Top Story 
  • New CFPB rules may alter mortgage-servicer landscape
    New mortgage-servicing rules from the Consumer Financial Protection Bureau may prompt some servicers to leave the market or outsource the process, experts say. Chief financial officers "are looking very hard at cost per loan and that has gone up dramatically. This may encourage movement [of mortgage-servicing rights] between banks and non-bank servicers," said Jeff Hulett of KPMG. (free registration) (1/17) LinkedInFacebookTwitterEmail this Story
  Retail Banking Roundup 
  • ATMs are doling out as little as $1
    ATMs for Chase and PNC are dispensing exact change to customers, letting them withdraw as little as $1. "Particularly in difficult financial times when people's account balances have been lower, not having to withdraw more money than you really need is helpful," said Greg McBride, senior financial analyst at CNNMoney (1/17) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Banks grapple with online personal finance management
    Banks are increasingly trying to make financial management applications more popular with consumers, but find that it can be challenging to match the technology with consumer demands such as more in-depth spending insights and cash flow predictions, experts say. "The worst thing a financial institution or third-party vendor could do is present something that's not relevant and eats up real estate and consumers turn it off," said Jacob Jegher, a Celent senior analyst. (free registration) (1/16) LinkedInFacebookTwitterEmail this Story
  Regulatory Report 
  • Hoenig: Why banks get lax about financial stability
    Federal deposit insurance must be returned to the purpose of protecting consumers and the liquidity of banks, and not be a safety net that causes banks to be lax in monitoring their own financial stability, writes Thomas M. Hoenig, vice chairman of the Federal Deposit Insurance Corp. Deposit insurance and Federal Reserve credit result "in a subsidy for insured banks in the form of reduced capital cost and funding advantages," he writes. "This moral hazard problem intensifies not only as firms become larger but as the scope of protected activities expands." (subscription required)/BankThink (1/17) LinkedInFacebookTwitterEmail this Story
  • Geithner: Economy looks "encouragingly resilient"
    Timothy Geithner recently discussed his final days as head of the Treasury Department, along with where the economy stands, bank bailouts during his term and how politics are shaping perceptions of the economy. "If you look past the political dysfunction, the economy looks encouragingly resilient," he said. "We've got much more diversity of strengths, from energy to high tech to manufacturing, than is true for any major economy, and people should find comfort and some optimism in that." The Wall Street Journal (1/17) LinkedInFacebookTwitterEmail this Story
  The Future of Money 
  • Banking is most routine mobile activity, research shows
    The No. 1 activity people say they expect to do on their smartphone or tablet is banking, according to research by marketing company Performics. Being able to use mobile banking was the most common for every age group, beating out other routine activities such as ordering food or making travel arrangements, the research shows. eMarketer (1/17) LinkedInFacebookTwitterEmail this Story
  • Report: Mobile payments in U.S. will increase to $90B in 2017
    It's predicted that $90 billion will be spent in the mobile payments market in 2017, compared with $12.8 billion spent last year, according to Forrester research. The fastest growing segment will be proximity payments, including those made with near-field communication, Forrester reports. TechCrunch (1/16) LinkedInFacebookTwitterEmail this Story
  Career Development 
  • 5 ways to refresh your professional appearance
    Graying hair, outdated clothes and poor posture can undermine you at work as others might perceive your skills as also being outdated, Anita Bruzzese writes. To avoid looking old and being seen as past your prime, you don't have to race to the plastic surgeon but can make updates to your hair and wardrobe "to just become a better version of yourself," she writes. The Fast Track (1/15) LinkedInFacebookTwitterEmail this Story
  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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If I had my life to live over, I would perhaps have more actual troubles but I'd have fewer imaginary ones."
--Don Herold,
American humorist, writer and cartoonist

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