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December 18, 2012
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News for the retail banking industry

  Top Story 
  • Banks hope for a strong safe harbor in mortgage rule
    The Consumer Financial Protection Bureau is weighing how much legal protection banks should have from homeowner lawsuits as it prepares to release a "qualified mortgage" rule, required by the Dodd-Frank Act. The agency says it's on track to release a proposal by the Jan. 21 deadline. Banks say they want a broad definition of qualified mortgages and that without strong legal protections, they will cut back on lending. Consumer groups contend the banks are overstating their risks. The New York Times (tiered subscription model)/DealBook blog (12/17) LinkedInFacebookTwitterEmail this Story
  The CFPB Today 
  Retail Banking Roundup 
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  Regulatory Report 
  • Commentary: Small banks must understand, manage increasing risks
    The Office of the Comptroller of the Currency is concerned about smaller banks taking on more risk to deal with decreasing profit and expensive compliance costs, writes Orlando Hanselman, Fiserv's education programs director. "[W]e are seeing banks assume greater risk on the strategic side, by entering unfamiliar product territory, and on the cost side, by devoting fewer resources for risk management," he writes. "These risks must be properly understood and managed." (free registration)/BankThink blog (12/13) LinkedInFacebookTwitterEmail this Story
  • Other News
  Legislative Affairs 
  The Future of Money 
  • Mobile phone card payments are expected to see fewer players
    The market for mobile point-of-sale sales transactions tools has become much more competitive in 2012, and the competition is forcing some firms out. Citing low margins, VeriFone is pulling out of the sector, and analysts say others may follow. "The market has become saturated, and a lot of people are realizing that there isn't enough of a market for them all to share," said Dave Kaminsky, emerging technologies analyst at Mercator Advisory Group. (12/17) LinkedInFacebookTwitterEmail this Story
  • Analysis: HSBC inquiry shows need for risk management, IT upgrades
    Part of HSBC's settlement over money laundering calls for a review of its record keeping and policies, and that review should serve as a lesson to other banks not to cut costs on technology or risk management, experts say. "The regulators are getting much more heavy-handed, and it's affecting all banks. There is a lot of money being spent on AML right now. So what it means for all banks is they have to pay attention," said Avivah Litan, vice president and security expert at Gartner. (free registration) (12/14) LinkedInFacebookTwitterEmail this Story
  Members in the News 
  • TD Bank offers advice for small-business loans
    Jay DesMarteau, head of small-business and government banking at TD Bank, provides tips to small businesses about how they can be more successful in obtaining loans from banks. For example, he says that banks want to see a business plan and that "the most important thing to us is the strength of the business's cash flow." (12/14) LinkedInFacebookTwitterEmail this Story
  Career Development 
  • Why the best leaders avoid the spotlight
    Self promotion isn't hard, but it's not necessarily effective either, Jeff Haden writes. Instead of boasting about your own accomplishments, it's a better idea to highlight the contributions of those around you, he writes. It's a good idea to write blog posts about your customers and to let your employees take the lead in certain meetings, he writes. "Everyone already knows you're in charge; the fact that your employees get things done reflects well on you." Inc. online (free registration)/Owners' Manual blog (12/13) LinkedInFacebookTwitterEmail this Story
  CBA Connect 
  • CBA LIVE Early Bird Savings -- Register by Dec. 21
    Register by Dec. 21 and get the best rates for CBA LIVE 2013. Early birds save $300 and CBA Members can save even more with group discounts. Come to CBA LIVE 2013, March 11-13 in Phoenix and get the latest, most in-depth analysis of CFPB developments with tailored sessions across nine areas of retail banking. Now in its fourth year, CBA LIVE features expert panels and distinguished speakers. Make your hotel reservations today at the JW Marriott Desert Ridge Resort and save with special CBA rates. LinkedInFacebookTwitterEmail this Story

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--Nicolas Chamfort,
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