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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