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GE Capital Purchasing MetLife Bank

Washington DC Might Divest from Bank of America, Wells Fargo

Miles By Discover Offers Relief to Noncommittal Travelers

Collection Agencies Resurrecting Old Debts Through Credit Card Offers

Treasury Doubles Purchase Limits on Electronic Savings Bonds

Cordrays First Move as CFPB Head: Regulate Nonbanks

Weekly Wrap: Bank of Americas Worst Week Ever?

Dear U.S. Banks, Your Business Model Stinks

Shadow Banking Due for Some Time in the Spotlight

Weekly Wrap: Banking Slowly Dissolves?

Under the Roofs of Coffee Shops Youll Find Your Online Bank

Brokerage Checking Still a Competitive Choice

Beware the Mirthful FOMC Meeting

Did ING Direct Customers Overreact to the Capital One Purchase?

No Balance Transfer Fee Offers Reappear But Hard to Exploit

Russell Simmons RushCard Lowers Fees, Is Still Bad

The Reason Why Freddie Mac Doesnt Want to You to Refinance

New Bank Perks Cater to Tech-Savvy Customers

St. Louis Fed President: Raise Interest Rates

Whitney Warns: Banks to Banish Middle Class

Dime Savings Cites Regulations in Switch to State Charter

FDIC to Banks: Start Lending Again!

Weekly Wrap: Grey Days and a Sideshow

Weekly Wrap: Bankings Spring Is Still Far, Far Away

American Express and Gen Y: BFF?

GE Capital Purchasing MetLife Bank
MetLife announced Tuesday that GE Capital, General Electrics finance wing, will be purchasing MetLife Bank, the deposit banking part of the massive life insurance company. MetLife announced earlier this year that they were planning on selling their bank so that they may circumvent new federal regulations on deposit banking.

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Washington DC Might Divest from Bank of America, Wells Fargo
The city government of the District of Columbia is considering a measure that would move city cash out of megabanks and into local banks, in an effort to stimulate local business lending, reports the Washington Business Journal. The bill would require the Districts CFO to move a significant amount of city capital into local banks, and these local banks would be required to originate small business loans totaling twice the amount of city funds deposited. The proposed law was introduced earlier this month.

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Miles By Discover Offers Relief to Noncommittal Travelers
One of the most popular perks offered by credit cards has to be miles. But if youre anything like me, deciding on one airline to use may be difficult. As more and more customers seek tailored programs to fit their travel needs, credit card issuers are rising up to the occasion.

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Collection Agencies Resurrecting Old Debts Through Credit Card Offers
The Wall Street Journal reports on a disturbing new trend in the credit card industry: partnerships between debt collection agencies and credit card issuers that reincarnate old debts, in exchange for extending credit to underqualified borrowers.

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Treasury Doubles Purchase Limits on Electronic Savings Bonds
As financial institutions will no longer sell paper savings bonds, the Treasury has upped the purchase limit of electronic Series EE and I savings bonds so that investors retain their savings potential.

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Cordrays First Move as CFPB Head: Regulate Nonbanks
In his first move as the first director of the Consumer Financial Protection Bureau, Richard Cordray has introduced the Bureaus Nonbank Supervision Program. The Bureau wants banks and nonbanks non-traditional financial services providers like payday loan providers and prepaid card corporations to play by the same rules.

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Weekly Wrap: Bank of Americas Worst Week Ever?
Its never easy returning to work after New Years. Conventional wisdom has it that your first day back at work after the new year is the most depressing day of the year. If you think you had a rough week, think again. You probably dont work for Bank of Americas PR division, and they had the worst week ever, as far as were concerned.

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Dear U.S. Banks, Your Business Model Stinks
In order for any business to be successful there has to be a strong business model. Love them or hate them, banks thus far have clearly had a strong business model. But as laws and regulations change, its time for U.S. banks to take a second look at their foundations.

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Shadow Banking Due for Some Time in the Spotlight
Shadow banking, beware: your days in the shadows might soon be coming to an end. The Financial Stability Board, the Switzerland-based regulatory body created by the G-20, is considering expanding its definition of too-big-to-fail beyond just massive banks. Meanwhile, Citibanks CEO penned an op-ed for the Financial Times suggesting a different market-based method whereby financial regulators might reduce the systemic risk posed by these non-banks.

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Weekly Wrap: Banking Slowly Dissolves?
Earnings season is upon us, the time when corporations must take stock of all that took place over the past calendar year, and when all is tallied up, decide whether it was a good year or a bad one. From these calculations, they must make plans for the next year: promises to their shareholders that theyll improve upon their flaws, however major or minor they may be. Its like New Years Resolutions, if they only had to do with money.

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Under the Roofs of Coffee Shops Youll Find Your Online Bank
The identifying characteristic of an online bank is the lack of physical branches. Without the brick and mortar presence, online banks are able to offer low-cost accounts with attractive rates. They are missing out on the marketing opportunities that major national banks have with retail locations. But, thats starting to change.

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Weekly Wrap: Astrology is Bunk

Refinancing Your Mortgage Lines the Pockets of the Biggest Banks

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