Inter-American Dialogue's: September 23-October 6, 2010

In this Issue: FEATURED Q&A: Are the Caribbean's Banks Treating Their Customers Fairly?; Scotiabank Acquiring Chilean Wholesale Banking Operations of RBS; Brazil Sees Fastest Expansion of Bank Lending in a Year; Brazilian Bank Workers on Strike for Higher Wages; St. Vincent and the Grenadines Agree to Privatize State Bank; Mexico's Su Casita Presents Bondholder Restructuring Plan to Creditors; Brazil Clears Western Union to Open Commercial Bank; Remittances to Colombia Fall by 10 Percent in First Half of 2010; Political and Economic News: Ecuador, Brazil, Chile, Argentina, Colombia and More...

Excerpt: Jamaican Finance Minister Audley Shaw said earlier this month that the governor of the Bank of Jamaica will investigate the fees banks charge customers, the Jamaica Observer reported. Officials ordered the study after some banks reportedly were charging customers fees to make deposits. Shaw added that the investigation will also look at banks' adjustment of interest rates, saying that some banks are sluggish to decrease rates when treasury bill rates go down. Are fees charged by banks in Jamaica and across the Caribbean fair to customers and good for business? Are banks adjusting interest rates appropriately across the region? Is the current level of regulation and consumer protection laws for the Caribbean's banks and financial services companies appropriate?

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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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