A few video clips from ICBA promoting some simple Monday 101 tips for consumers. Here’s one of the three videos they’ve done. More at http://youtube.com/icbaorg

2 Questions. - How did this happen and… - What would you do? I think I could make it to Mexico!

Cool article on Virutialization, vulnerabilities associated with it and forecasting into the future.

We’ve just published a FABB Insight titled “Consumers Want More Than High Interest Rates on Checking Accounts.” This Insight looks at FindABetterBank users who indicated they “must have” interest on checking account balances.

We found the profiles of these consumers varies based on how many other features were marked as must-haves. Based on their actual selections at the end of the online comparison, we’re able to conclude that interest rates on checking matter most to consumers looking for feature-rich checking accounts.

Deposit checks with your iPhone camera? Banks as cyber cafes? Tech makes banking fun By Mike Elgan

Apparently a research team at Carnegie Mellon University can pretty easily get the the first 5 digits of a Social Security Number using social media sites and public sources like the white pages and government sites to gather information.

“Researchers at Carnegie Mellon University used the information they gleaned to predict, in one try, the first five digits of a person’s Social Security number 44 percent of the time for 160,000 people born between 1989 and 2003.”

A writeup online discusses how a bank had a somewhat misleading sign inside their building stating:

“Deposits guaranteed by FDIC up to $250,000,” it said in big blue letters. In smaller black type: “Through Dec. 31, 2009.”

Apparently the memo that the $250,000 deposit limit has been extended to Dec. 31, 2013 didn’t make it to all FIs. If banks are giving out wrong information, no wonder so many people don’t know about the new law.

I know that we’re all aware of what caused the credit crisis, but I found this great video that creates a visual to explain the process. I think it’s really well done. What are your thoughts on the video?

Interesting story from NPR that details the events of an FDIC takeover of a bank in the Pacific Northwest. The bank had 100 employees and assets of $446 million… But the federal takeover kept 80 FDIC agents, about 50 bank staff, and 100 employees of another bank working round the clock for three days.