Reading this on a mobile device? Try our optimized mobile version here: http://r.smartbrief.com/resp/dYxrCfbwoceSjfplVylV

November 6, 2012
Sign upForwardArchiveAdvertise
News for the retail banking industry

  Top Story 
 
Address the challenges of inefficient loan servicing
The landscape in the financial services industry fosters redundant, inefficient and incompatible systems that are increasingly costly to maintain. Learn how you can improve productivity, reassign FTEs and support a more diverse loan portfolio by consolidating your consumer loan operation back office. Download the free Executive Briefing from Fiserv.
  The CFPB Today 
 
  • 42% of college credit cards involve alumni groups, CFPB says
    Nearly 42% of college credit card agreements last year were between issuers and an alumni association affiliated with the institution, the Consumer Financial Protection Bureau said in an annual report. Some 33% of such agreements were between an issuer and higher education institution, the report says. In addition, the number of issuers grew between 2009 and 2011, but the number of agreements and accepted applications for new credit dropped, the report says. Bank Credit News (11/5) LinkedInFacebookTwitterEmail this Story
Earn Your M.S. in Finance Online
Rowan University's AACSB Accredited Rohrer College of Business offers an M.S. in Finance designed for business professionals interested in pursuing financial analyst or financial planner positions in corporations or financial institutions. Get More Information
ADVERTISEMENT
  Retail Banking Roundup 
 
  • Banks lead financial relief efforts for storm victims
    Bank of America and Wells Fargo are each donating $1 million for superstorm Sandy relief efforts. They are among the banks leading the way in providing relief to those affected by the disaster, officials say. "This is the biggest and most significant outpouring of any U.S. disaster in the last six years," said Neal Litvack, chief development officer at the Red Cross, which reports donations of $11.44 million so far. Hartford Business Journal (Conn.) (11/5) LinkedInFacebookTwitterEmail this Story
  • Students can tap into new student-loan program
    The final rules are in place for the student-loan repayment program known as "Pay as You Earn," which is being touted by President Barack Obama's supporters as a better way for people to pay off student loans once they leave school. Still, there is some concern that enough students aren't aware of the program, which is estimated to cost the government $2.1 billion over 10 years. The Wall Street Journal/Total Return blog (11/5) LinkedInFacebookTwitterEmail this Story
McGlinchey Stafford National Mortgage Lending Solutions
Across the country, McGlinchey Stafford provides efficient solutions to lenders and servicers on federal and state compliance, examination and enforcement actions; preemption analysis and advice; nationwide document preparation; licensing support; due diligence; litigation; and white collar criminal defense. To learn more, click here.
  Industry News 
 
  • Wells Fargo finds HSAs on the upswing
    No matter who wins the presidential election, health spending accounts are expected to thrive, experts say. For example, Wells Fargo oversees $750 million in HSAs, which grew 38% last year with a similar uptick expected for 2012, says Elizabeth Ryan, head of Health Benefit Services for Wells Fargo. "Everyone is trying to figure it out and find a better alternative to today's high-cost health plans, and for millions of Americans the HSA is a good fit," she says. AmericanBanker.com (free registration) (11/1) LinkedInFacebookTwitterEmail this Story
How to Nurture Superstar Employees
Focus on these three traits to help your top performers flourish—and stick around. Learn more through insights from Kellogg School of Management Professor Carter Cast.
ADVERTISEMENT
  Regulatory Report 
  • FDIC: Some insurance coverage ending
    Banks need to inform customers that full insurance coverage instituted during the financial crisis for noninterest-bearing transaction accounts is ending this year, the Federal Deposit Insurance Corp. says. Bankers have urged the FDIC to continue the Transaction Account Guarantee. AmericanBanker.com (free registration) (11/5) LinkedInFacebookTwitterEmail this Story
  Legislative Affairs 
  • Warren talks of bringing back Glass-Steagall
    Massachusetts Democratic contender Elizabeth Warren says that if she's elected to the Senate, breaking up big banks may become a priority for her if lobbyists continue efforts to weaken financial regulations. "If they [regulations] are not strong enough, then I think we need to take another look at Glass-Steagall, separating the commercial banking activities from the investment activities," she said. The Huffington Post (11/5) LinkedInFacebookTwitterEmail this Story
  Technology Today 
  • Homeland Security official: Pool IT resources to fight cyberattacks
    Mark Weatherford, deputy undersecretary for cybersecurity, suggests that financial services companies could share their IT infrastructure resources in a "co-op kind of model," thereby strengthening the capacity of the group to deal with attacks. He adds, however, that he's unsure of the legality or possibility of such a move. Computerworld (11/5) LinkedInFacebookTwitterEmail this Story
  Career Development 
  • Don't put off finding solutions for procrastination
    Procrastination is often caused by a fear of making mistakes or a dislike of being told what to do, says Jay Earley, a psychotherapist and author of "Taking Action." Some ways to tackle the problem include writing down what you have to gain from ending procrastination and enlisting a buddy to help keep you on track, he says. USA Today (11/4) LinkedInFacebookTwitterEmail this Story
  CBA Connect 
  • Don't miss CBA LIVE 2013, March 11-13, in Phoenix, Ariz.
      
    Now in its fourth year, CBA LIVE features expert panels and distinguished speakers. Get the latest, most in-depth analysis of CFPB developments and choose from tailored sessions across nine areas of retail banking: Auto Finance, Community Reinvestment, Default Management, Deposits & Payments, Digital Channels, Fair Lending, Home Equity Lending, Small-Business Banking and Student Lending. Register by Dec. 21 and save $300. LinkedInFacebookTwitterEmail this Story

Learn more about CBA ->CBA Online | Upcoming CBA Events | CBA Graduate School (GSRBM) | Follow CBA on Twitter | CBA on Facebook | CBA LinkedIn Group

  SmartQuote 
Character is much easier kept than recovered."
--Thomas Paine,
British-American political activist and author


LinkedInFacebookTwitterEmail this Story

 
 
Subscriber Tools
     
Print friendly format | Web version | Search past news | Archive | Privacy policy

Advertise
Associate Publisher:  Abiy Bekele 212-450-7919
 
Read more at SmartBrief.com
A powerful website for SmartBrief readers including:
 
 
 Recent CBA SmartBrief Issues:   Lead Editor:  Ashley Fletcher Frampton
Contributing Editor:  Anita Bruzzese
Sales Account Director:  Jasmine Rogers
 
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
 
 
© 1999-2012 SmartBrief, Inc.® Legal Information