Banking & Financial Services E-Note - September 2012


In This Issue:

- CFPB Proposes New Rule for Stay-at-Home Parent Credit Cards

- Fewer Credit Card Complaints Than Expected, CFPB Director Reports

- Treasury Recommends Standard Chartered Money Transfer Settlement

- U.S. Should Reject Basel III Unless Changed, FDIC Director Says

- CFPB to Launch Supervision of Big Three Credit Bureaus

- Major Banks Consider Whether to Get into California Carbon Market

- Prosecutors, Debt Collectors Team to Collect Money

- FDIC Urges Banks to Consider Unbanked as Customers

- Ice Cream Shop Owner Faces Scrutiny for Opening Bank Alternative

- Excerpt from CFPB Proposes New Rule for Stay-at-Home Parent Credit Cards:

Help is on the way for stay-at-home parents being denied credit cards because they don't have income of their own. The Consumer Financial Protection Bureau will propose a rule within the next few months that will make it easier for applicants without personal income to qualify for credit cards, the agency's director Richard Cordray said at a congressional hearing.

Please see full E-Note below for more information.

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