Banking

Top 5 IT Security Certifications for 2011

Updated: 2010-12-31 23:19:44

Employers, Recruiters Identify the Most Valued Infosec CertificationsNot having an IT security certification doesn't disqualify you from getting that next job or promotion, but it could help. Here are our picks of the five IT security certifications that will be most in demand in the new year.

NCUA: AEA Federal Credit Union Placed into Conservatorship

Updated: 2010-12-31 23:19:44

The National Credit Union Administration today assumed control of operations at AEA Federal Credit Union of Yuma, Ariz.

54 Banking Breaches in 2010

Updated: 2010-12-31 23:19:44

2011 Outlook: 'We're Going to See a Lot More Scams'There have been 54 reported banking-related data breaches so far in 2010, according to the Identity Theft Resource Center -- slightly fewer than the total of 62 breaches in 2009.

ACH Fraud: How to Beat it

Updated: 2010-12-31 23:19:44

Anti-fraud activist plans to help banks and businesses conquer growing fraud.

FDIC: First Southern Bank, Batesville, Ark., Closes

Updated: 2010-12-31 23:19:44

First Southern Bank, Batesville, Ark., was closed today by the Arkansas State Bank Department, which appointed the Federal Deposit Insurance Corp. as receiver.

Editor's Choice: 4 Key Regulatory Issues of 2011, and SQL Injection Blamed for New Breach

Updated: 2010-12-31 23:19:44

Federal regulators and industry experts share their views about the top 4 regulatory issues of the new year, and an online breach perpetrated with an SQL injection leads hackers to stored data for 110,000 credit cards.

10 Events Define Bank InfoSec in 2010

Updated: 2010-12-31 23:19:44

A Look Back at the Past Year's Biggest Stories2010 was a year of innovation, seeing the emergence of mobile payments, discussions about EMV in the U.S. and a push for stronger authentication.

Authentication is a Problem

Updated: 2010-12-31 23:19:44

Adam Dolby says he's more surprised by what U.S. banks aren't doing, especially where transaction and user authentication are concerned.

FDIC: Report Reviews Role of Trust Preferred Securities

Updated: 2010-12-31 23:19:44

Data collected and summarized in "Insights from the FDIC's Credit and Consumer Products/Services Survey" show that institutions are implementing a number of operational changes, including tightening underwriting standards and making use of third-party providers to offer new and innovative products.

FDIC: Supervisory Practices Regarding Depository Institutions and Borrowers Affected by Severe Storms in Areas of Vermont

Updated: 2010-12-31 23:19:44

The FDIC recognizes the serious impact of the recent severe storms on the customers and operations of financial institutions in Vermont and will provide regulatory assistance to institutions subject to its supervision. These initiatives will provide regulatory relief and facilitate recovery.

Program Reminder: AALS Section on Financial Institutions and Consumer Financial Services

Updated: 2010-12-31 08:25:04

The section program at the Annual Meeting of the Association of American Law Schools in San Francisco on January 7 is a veritable Credit Slips reunion show. The theme is post-crisis regulation of finance. The Call for Papers panel at...

Credit Cards to Payday Substitution?

Updated: 2010-12-31 03:00:59

Over at Volokh Conspiracy, Todd Zywicki spent Christmas Eve crowing about a Wall Street Journal article about the boom in payday lending. Todd sees the article as vindication for his insistence that regulation of consumer credit will inevitably result in...

Subprime Crisis Books

Updated: 2010-12-30 20:11:07

As the subprime crisis enters its fourth or fifth year, depending on when your version of the story begins, there is an ever-expanding menu of crisis books to choose from. I have particularly enjoyed the less scholarly and more journalistic...

JSD with Bankruptcy Emphasis

Updated: 2010-12-28 16:16:55

We have some readers outside the United States who might be interested in the following. The University of Illinois College of Law has a JSD program, which awards an advanced graduate degree primarily designed for students intending to pursue an...

Some Holiday Thoughts on Chapter 11

Updated: 2010-12-28 04:35:20

Greetings from Los Angeles, where it is a bit nippy. Had to put on a sweater today. My latest rumination on chapter 11, and the ebb and flow in the number of big cases, is up on Dealbook.

H&R Block Blocked from Refund Anticipation Loans

Updated: 2010-12-27 22:25:55

In August, the IRS announced that it would no longer tell tax preparers and associated financial institutions when a consumer had a "debt indicator" that the consumer's tax refund would be offset against past due debts such as unpaid child...

How Merrill Lynch Bribed Traders to Buy Bum Mortgage-Backed Securities

Updated: 2010-12-24 00:01:53

Wall Street pay practices helped cause the financial crisis by encouraging financial pros to roll the dice. But even sensible compensation strategies may do little to get execs to behave responsibly.

Santa or Scrooge? 2011 Bank IT Spending

Updated: 2010-12-23 21:22:19

It’s that time of the year again! I don’t mean the holidays unfortunately. I’d like to say that my mind has been busy with holiday planning but I have been otherwise occupied with bank IT spending. I’ve spent the last little while working on our global IT spending reports for 2011 along with my colleagues [...]

Pension Insurance for Public Employees?

Updated: 2010-12-23 14:53:51

The New York Times' story about the insolvent pension plan of Pritchard, Alabama notes that while the Pension Benefit Guaranty Corporation (PBGC) partially insures private employers defined-benefit pension plans, it does not insure public employers' defined-benefit pension plans ("government plans"...

Merry Christmas

Updated: 2010-12-23 09:40:00

: The Financial Services Club's Blog The Financial Services Club is a unique service designed for Senior Executives and Decision Makers from any firm interested in understanding and planning strategies for the future of banking and finance . Things worth reading : 23rd December 2010 Main December 23, 2010 Merry Christmas Well the holiday season is finally here and the blog is shutting down until 4th . January In the spirit of the season , I thought it would be nice to leave you with something Christmassey , so I got my friend MC Skinner to produce a little video . Happy Holidays Christmas Chris from Chris Skinner on Vimeo It that wasn't weird enough for you , then why not click here to play with my snowglobe or go and play Smack the Penguin Posted at 09:40 AM in Humour Permalink Reblog 0

Things worth reading: 23rd December 2010

Updated: 2010-12-23 09:38:59

Inspiration for #Wikileaks DDoS hive

Updated: 2010-12-22 10:10:09

2010 Review: Capital Markets

Updated: 2010-12-22 08:16:00

Things worth reading: 22nd December 2010

Updated: 2010-12-22 07:42:00

Why Wall Street Scourge Ron Paul Wants to Muzzle Bank Watchdogs

Updated: 2010-12-21 23:24:56

The Texas Republican doesn't only want to wipe out the Fed -- he's gunning for all government financial regulators. Really.

Former Exec Accuses JPMorgan of Illegal Credit-Card Debt Collections

Updated: 2010-12-21 19:39:20

Linda Almonte, a former mid-level executive with the New York bank, claims JPMorgan doctors customer records and illegally rubber-stamps credit-card collection documents. Sound familiar?

2010 Review: Payments

Updated: 2010-12-21 08:28:00

Things worth reading: 21st December 2010

Updated: 2010-12-21 08:06:04

2010 Review: Retail Banking

Updated: 2010-12-20 13:01:19

Things worth reading: 20th December 2010

Updated: 2010-12-20 08:29:18

The Finanser's Week: 13th December - 19th December 2010

Updated: 2010-12-19 08:55:19

New Rule Requires that Collectors Disclose that a Debt is Time-Barred

Updated: 2010-12-17 23:00:09

Not too surprisingly, people are less likely to want to pay a debt that they can no longer be sued on. This fact has caused one state to require disclosure that a debt is time-barred, in order to comply with...

Season's Greetings: Inside Wall Street's 7-Point Plan to Wreck Financial Reform

Updated: 2010-12-17 19:56:58

Dodd-Frank was only an opening salvo in the fight to rein in the financial industry. With the political environment turning in their favor, big banks are now planning an all-out assault on reform.

Andrew Tyrie: a Man with a Mission

Updated: 2010-12-17 11:01:54

Things worth reading: 17th December 2010

Updated: 2010-12-17 08:14:35

Republican Financial Crisis Commissioners Maul History in Absolving Wall Street

Updated: 2010-12-16 19:38:15

The government's blue-ribbon panel for investigating the housing crash is turning into a farce.

Bank tells women what to wear and men to shave

Updated: 2010-12-16 15:31:46

Things worth reading: 16th December 2010

Updated: 2010-12-16 15:26:11

1.27.11: Celent Banking in London: The Branch Is Dead; Long Live the Branch

Updated: 2010-12-16 06:01:25

Celent senior analysts, Banking Group Admission to the event is free for Celent clients, banks, technology firms, and the media, but space is limited and pre-registration by Thursday, January 20 is required. Please click here for more information.

Mortgage Servicing Paper

Updated: 2010-12-16 02:46:57

Credit Slips Guest Blogger Tara Twomey and I have a new paper out on mortgage servicing in the Yale Journal on Regulation. It's long, but it tries to present a comprehensive overview of the economics and regulation of the servicing...

A New Title Loan Philanthropic Organization?

Updated: 2010-12-16 00:07:02

I have been studying payday and title loans advertizing. A student told me about this web site . He heard an ad for it on the radio. The Title Loan Advocates claim to be a “foundation” created to educate the...

Is there any competition in UK banking?

Updated: 2010-12-15 10:47:36

Things worth reading: 15th December 2010

Updated: 2010-12-15 08:31:01

Would OBeP be iDEAL for the UK market?

Updated: 2010-12-15 00:23:06

Earlier this year, I blogged about Online Banking e-Payments (OBeP) solutions which allow consumers to pay merchants online directly from their bank accounts via online banking channel (e.g. iDEAL in the Netherlands). I mentioned that eWise and VocaLink have announced their partnership to launch such a solution in the UK market and shared my thoughts on [...]

Why Wall Street May Yet Win the Derivatives War

Updated: 2010-12-14 19:37:59

Government efforts to regulate swaps are bogging down amid opposition from banks and their allies in Congress.

Things worth reading: 14th December 2010

Updated: 2010-12-14 07:12:33

"I am Sepacus"

Updated: 2010-12-13 00:24:08

Competition and choice in the banking sector

Updated: 2010-12-13 00:01:00

Slipping into Arizona . . .

Updated: 2010-12-10 21:00:00

for the ABI Winter Leadership Meeting, where I'll be speaking as part of the Saturday morning plenary session on professional fees in "mega" chapter 11 cases. I'm in Arizona for less than 20 hours, but I urge our loyal Credit...

Expanding Chapter 9

Updated: 2010-12-08 19:56:11

I wade into the "states in bankruptcy" debate over at Dealbook.

Implications of the 2010 Federal Reserve Payments Study

Updated: 2010-12-08 19:24:59

The Federal Reserve published a summary of its 2010 Federal Reserve Payments Study this week. Predictably, the study evidenced double digit growth in debit and prepaid cards from 2006 through 2009, alongside essentially flat credit card usage. The study evidenced a continued decline in check writing of -6.5% CAGR, from 33.1 billion in 2006 to [...]