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A New Report from Aite Group |
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Boston, MA, October 29, 2007
– A new Impact Report from Aite Group, LLC sheds light on current activities of state legislatures that will likely impact compliance demands on
financial institutions in the coming months and years. The report analyzes pending bills in state legislatures that could impact banks, credit unions
and other types of institutions that provide services related to deposit accounts, lending, credit cards, mortgages and similar functions.
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The report, titled "Looking Ahead: An Analysis of Pending State Legislation and Financial Institutions,"
reveals that the 50 U.S. states, during the current legislative sessions, are continuing to focus on hot-button issues such as identity theft, mortgages
and mortgage lending, credit card issues and payday lending. Banks, credit unions and other financial service providers should expect consumer protection
issues to remain on the agenda.
"Consumer protection has largely fallen into the hands of the state legislature," says
Eva Weber, analyst at Aite Group and author
of this report. "While concerns over the current economic climate and the possibility that subprime mortgage lending will lead the country
into recession have resulted in saber rattling by the U.S. Congress and federal regulators, several states are already putting laws in place to
protect their citizens."
This 27-page Impact Report contains 14 Figures and 8 Tables. Clients of Aite Group's Retail Banking services
can download the report by clicking on the icon to the right.
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To purchase this report or
for additional information,
please contact:
Aite Group Sales
Tel: +1.617.338.6050
sales@aitegroup.com |
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