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October 3, 2012
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News for the retail banking industry

  Top Story 
  • Intent of Durbin interchange rule questioned by federal judge
    D.C. District Judge Richard Leon questioned parties involved in a lawsuit by retailers against the Federal Reserve's application of the Dodd-Frank Act's Durbin amendment, which sets a limit on debit-interchange fees. Though Leon gave little indication of his views, his questions sought to determine whether the Fed appropriately considered the proper costs to issuers when setting the limit as Congress directed. (subscription required) (10/2) LinkedInFacebookTwitterEmail this Story
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  The CFPB Today 
  • CFPB scrutiny leads banks to shy away from add-ons
    With new regulations bearing down, credit card issuers are leaving off add-ons such as credit monitoring and debt-cancellation services. "You'd have to ask regulators whether they want the product to go away or not. From our perspective, we think that they add a good amount of value to some of our customers," said Discover CEO David Nelms. Bloomberg Businessweek (10/2) LinkedInFacebookTwitterEmail this Story
  • Bair talks about the CFPB, capital requirements
    Former Federal Deposit Insurance Corp. Chairwoman Sheila Bair says she is optimistic about the Consumer Financial Protection Bureau, although she says the "rules are still too long and complex." Bair has been speaking out about regulators after writing a book about the financial crisis. "If there's one thing the regulators can and should do before they do anything else is to raise capital requirements," she said. CNNMoney/Fortune/Term Sheet blog (10/2) LinkedInFacebookTwitterEmail this Story
  Emerging Channels 
  • Customer demand helps drive new Chase mobile app
    Chase is unveiling an application for Windows Phone that lets users track their account activity. The free app "is the final piece to our portfolio," said Russ Eisenman, head of mobile marketing and partnerships at JPMorgan Chase. "It completes our app portfolio, and it was an important one for us. We also had a fairly big customer demand." (10/2) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Buyer interest grows as banks improve bottom lines
    As struggling banks improve credit quality, more buyers are being attracted, deal advisers say. "Maybe they've returned to nominal profitability but they are not out of the woods just yet," said C.K. Lee of Commerce Street Capital. "The buyers are more comfortable engaging with them now, and deals are starting to happen for banks that would have been in limbo a couple of years ago." (free registration) (10/2) LinkedInFacebookTwitterEmail this Story
  • Small-business lending ticked up again in August
    Overall lending to small businesses rose in August, the second straight month of gains, according to the Thomson Reuters/PayNet Small Business Lending Index. "These business owners are looking out three, to six, to nine months, and they are seeing some positive profit-producing opportunities: There must be something these business owners are seeing," said PayNet founder Bill Phelan. Reuters (10/1) LinkedInFacebookTwitterEmail this Story
  Regulatory Report 
  • Housing agency reportedly blocks Freddie's foreclosure-loan plan
    Freddie Mac's plan to loan to investors who buy foreclosed homes and turn them into rental properties was put on hold by the Federal Housing Finance Agency, sources said. The regulator reportedly is worried that inexpensive loans from Freddie would make it difficult for banks to compete for loan business from buyers who want to acquire foreclosed properties. The Wall Street Journal (10/3) LinkedInFacebookTwitterEmail this Story
  CBA Connect 
  • CBA LIVE 2013 -- Save the date!
    Mark your calendars now for CBA LIVE 2013, March 11-13 in Phoenix, Ariz. CBA LIVE is the must-attend event for the top retail banking executives. Our programming includes information-packed, solution-based sessions to provide answers to the challenges you are facing. Our general sessions feature recognized industry leaders sharing their expert insight on current issues. With fresh perspectives and unparalleled networking opportunities, you cannot afford to miss CBA LIVE!

    We bring together the best in the industry from nine disciplines to broaden the scope of insight and provide takeaways that span the retail banking community. Our forums include:
    • Auto Finance
    • Community Reinvestment
    • Deposits & Payments
    • Default Management
    • Emerging Channels
    • Fair Lending
    • Home Equity Lending
    • Small Business Banking and
    • Student Lending.

    The exhibit hall is packed with the suppliers and vendors you rely on. CBA LIVE will provide you with the tools you need to navigate the challenges facing the industry today. Click here for 2012 highlights. We hope to see you at CBA LIVE 2013 in Phoenix!

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The cure for boredom is curiosity. There is no cure for curiosity."
--Dorothy Parker,
American author, poet and humorist

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