Issue at a Glance
Volume 9, Issue 2 Winter 2012
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Letter from the Director
Mobile Payments: An Evolving Landscape
Mobile payments have the potential to significantly change how consumers pay for goods and services. As is the case with any new banking product or service, the use of mobile payments challenges banks to
deploy the product effectively and in a way that complies with existing laws and regulations. This article
describes the mobile payments marketplace and examines critical issues, including the adequacy of legal
protections and disclosures received by consumers.
High-Yield Checking Accounts: Know the Rules
To attract depositors, banks may offer high-yield checking accounts. However, the promotions associated
with these accounts could be misleading or inaccurate. This article reviews the features of high-yield
checking accounts and the problematic disclosures that may accompany their promotion. The article also
highlights examination best practices that can help ensure a bank is providing customers with clear and
unambiguous account information.
Regulatory and Supervisory Roundup
This feature provides an overview of recently released regulations and supervisory guidance.