Banking Articles

These Banking articles will give you the news and information you need to stay up to date in the ever changing Banking industry.

April 8, 2014 – 1,182 views
Banker Resource
Recently, ZAPP, UK’s leading mobile payment brand, announced partnerships with some of the leading financial institutions in the United Kingdom including HSBC, Nationwide, Metro Bank to offer mobile payments to 18 million customers. The idea behind the partnership is to provide customers with a convenient yet safe way to make payments for the goods and services purchased. These payments can be made using the already existing account of the customer with the bank with the help of the customer’s mobile device. Full Story 
March 24, 2014 – 1,353 views
Banker Resource
The American income-tax filing season 2014 gets over on April 15 for citizens who must file their individual income tax returns. If you haven't already filed your returns, it's time to gear up. That is, unless, you plan to seek the six-months extension from the feds. Full Story 
March 19, 2014 – 1,555 views
Banker Resource
The Dodd-Frank Act was made a law on July 21, 2010. This Act needed the making of a Qualified Mortgage Rule (QM rule) to lessen the probability of risk due to default in the US lending industry. The Consumer Financial Protection Bureau (CFPB) was entrusted with the job of making this new rule. CFPB announced the final QM description in the first month of 2013 and it came into effect from January 10, 2014. Full Story 
March 17, 2014 – 1,535 views
Banker Resource
US Bank, a unit of US Bancorp, recently announced that it was testing the concept of voice verification or biometrics for use among its customers for accessing their accounts. The bank is among a list of other banks that are testing this new option, including Barclays and Wells Fargo. Full Story 
March 12, 2014 – 1,052 views
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Overseas banks that have a major Wall Street presence will no longer benefit from the loopholes in the system, which exempted them from some of the tougher laws placed. The Federal Reserve had made certain amendments and additions to the legality regarding banking practices post the financial meltdown in 2008. Foreign banks managed to bypass a number of these regulations because of ambiguity and other discrepancies in the documentation. Full Story 
March 12, 2014 – 1,112 views
Banker Resource
An Assistant US Attorney made the argument that there is ample and convincing evidence of five former employees of Bernie Madoff actively participating and profiting from the gargantuan Ponzi scheme run by their boss. John Zach, an attorney and federal prosecutor, made this argument in his closing arguments as the fraud trial began. Full Story 
March 10, 2014 – 1,190 views
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Bitcoin is a kind of digital currency based on peer-to-peer, cryptographic protocol. It can be utilized to sell and buy services or products. It can also be used as an account unit. Bitcoins may be converted to regular currency like the US dollar based on prevalent exchange rates. Full Story 
February 28, 2014 – 1,160 views
Banker Resource
The authorities at the Commodity Futures Trading Commission (CFTC) expect 2014 to be a windfall year for an excellent reason: whistleblowers. The Dodd-Frank Act has increased the demand for CFTC enforcement. It presently has legal power over the swaps market, which witnesses $400 trillion worth of trading per year. This is an added responsibility to its original futures portfolio. Full Story