Banking & Financial Services E-Note - October 2012


In This Issue:

- Additional Stress Testing Guidance for Community Banks Unveiled

- Student Borrowers' Complaints Similar to Mortgage Borrowers

- Lenders Could See Stronger Protections for CFPB Mortgage Rules

- Bank Groups Ask for More Time to Comply with Money-Transfer Rule

- Regulators Working to Help Community Banks Weather Capital Rules

- Banks Looking for New Ways to Monitor Risky Behavior

- CFPB Gets Tough on Credit Card Companies' Deceptive Marketing

- High Court Considers Government Liability in Credit Card Law

- Wal-Mart Introduces Prepaid Amex Cards to Compete with Banks

- Excerpt from Additional Stress Testing Guidance for Community Banks Unveiled:

The Office of the Comptroller of the Currency released additional stress testing guidance for community banks with assets of $10 billion or less as they assess risk in their loan portfolios. The guidance provides additional clarity around the expectations for community banks and provides an example of a simple stress test framework to consider.

Please see full E-Note below for more information

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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