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Author Archives: Claude Solnik

Feds eyeing tighter rules on bank fees (access required)

Federal regulators are scrutinizing bank overdraft policies over concerns that financial institutions are inflating fees, in part by cashing checks based on amount rather than the order in which they are presented for payment. The newly created Consumer Financial Protection ...

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Credit unions seek change to rules on capital (access required)

Having successfully lobbied for expanded membership and commercial lending, the credit union industry is heading back to Congress to try to win new rights to raise capital, including taking on debt. The move comes as some of the nation’s fastest-growing ...

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FDIC rule change is shot in arm for community banks (access required)

A Federal Deposit Insurance Corp. effort to redistribute the cost of failing banks is taking a bigger bite out of the bottom line of the country’s largest financial institutions, while giving a shot in the arm to many community banks. ...

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Sun Valley’s Plum TV sold to ex-MTV execs (access required)

An investment group led by two former MTV executives has won the high bid in a bankruptcy court auction to acquire the Long Island, N.Y.-based Plum TV, the network of luxury resort stations and publications that includes Idaho’s Sun Valley. ...

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Call centers make cautious comeback (access required)

After an exodus, call centers nationwide are making a quiet comeback, fueled by a backlash against operations abroad and a belief that consumers react better to U.S.-based callers. While this doesn’t mean the end of outsourcing, companies are contracting with ...

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Sun Valley’s Plum TV station will be auctioned off March 1 (access required)

 A judge has set 1 p.m. on March 1 for a bankruptcy court auction in New York City of Plum TV, a network of resort stations serving vacation areas including the Hamptons. The auction of the network is set for ...

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