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.

February 28, 2012 – 1,795 views
Adam Quart
The Federal Financial Institutions Examinations Council's (FFIEC) guidance for financial institutions, which was first issued in 2005, supports the use of strong authentication processes to protect the identities of customer identities and information during transactions that occurred online. Full Story 
February 21, 2012 – 1,437 views
Jeremy B Thompson
In the US alone, nearly 30 million mobile users utilized their phone to gain access to their digital bank accounts in the fourth quarter of 2010. The population increased more than half this year with a 54% across the board increase. More and more people rely on the convenience of this type of banking to do business transactions through programs supported by these technologies. Full Story 
February 14, 2012 – 1,444 views
Kristie Heinemann
Financial institutions (FIs) have many unique lines of business (LOBs) and products. Siloed decisioning processes are created when each product has its own independent workflow and attributes. However, sophisticated enterprise decisioning solutions allow FIs to connect their LOBs and share not only common attributes, but share customer information across business silos and channels. Shared data and attributes reduce the cost of data acquisition and provides more effective cross-sell. Full Story 
February 7, 2012 – 1,664 views
Daxen Stewart
After the financial collapse in 2008 that was marked by the demise of some of the oldest financial firms in the banking industry, enterprise risk management has become a regulatory concern as well as a business concern. Assuring that the institutions which form the backbone of the country's economic infrastructure are observing proper operation risk management practices is seen as benefiting all citizens, not just customers and shareholders. Regulatory form, which has been the subject of press coverage and congressional inquiry, will certainly take a central role in the upcoming presidential race. As such, understanding critical factors is an important part of being well informed. Full Story 
January 31, 2012 – 1,394 views
AccountingWEB - AccountingWEB
The Securities and Exchange Commission is requesting public comments on financial literacy and investor disclosure issues that it is studying as part of a review mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Full Story 
January 24, 2012 – 1,544 views
Kent R Leach
Once again there is excitement in the mortgage industry because of the new HARP 2.0 guidelines which were released on November 15, 2011. For the most part the original HARP which was passed in 2009 as the Making Home Affordable plan or the Obama Refi plan has been a failure. Very few people were able to qualify for the program and those who did qualify were only able to refinance at a lower rate and did not see the actual principal balance of their loan reduced. Full Story 
January 17, 2012 – 1,689 views
Mike King - Gammage & Burnham PLC
QUESTION: WHY SHOULD MY FINANCIAL INSTITUTION CARE ABOUT THE EEOC "FINAL RULE" IMPLEMENTING THE AMERICANS WITH DISABILITIES ACT AMENDMENTS ACT? ANSWER: AVOIDING DISABILITY DISCRIMINATION IS THE RIGHT THING TO DO, IS GOOD FOR BUSINESS, AND NONCOMPLIANCE WILL LEAD TO LITIGATION! Full Story 
January 10, 2012 – 1,453 views
Paul A. Jensen
The significant changes in HARP eligibility requirements announced by President Obama in October 2011 have led mortgage industry insiders to dub it HARP 2.0, even as the history of HARP is little more than two and a half years old. The Mortgage Bankers Association has previously estimated that $900 billion in mortgages will be originated in 2012 but with HARP 2.0 fast becoming effective, this number will certainly rise. Unfortunately, HARP was not designed to help homeowners already in foreclosure proceedings or in danger of being foreclosed upon. Full Story