Bank Talk attracted 20, 425 hits this month. That's higher than the previous peak for the year, which came in May.
Here's a small chart that graphs out that traffic.
Some of the top stories:
Green Dot Mixes it Up with Wal-Mart
Green Dot is seeking to buy Bonneville Bank, a small state-chartered bank in Utah. Bank Talk spotlighted the role of
Wal-Mart in this acquisition on March 23rd. We commented to the Federal Reserve. On June 16th, the story hit the rest of the press, with coverage in the Wall Street Journal, Reuters, the New York Times, and the FT. Bank Talk penned an editorial that was published in the American Banker. Other coverage included:
- The new prepaid card payday lending model.
- Interlocks between Green Dot's board and payday lending firms.
- What this application means for community banks.
Now, Wal-Mart's plans are on the lips of leaders across the unbanked sector. Even prepaid industry press agreed: "Green Dot is tied to the hip of Wal-Mart."
June was an important month for governance of our financial markets. Bank Talk had several things to say:
- Why a short extension of unemployment benefits hardly merited a smorgasbord of tax breaks and subsidies for big agriculture, Big Oil, and NASCAR.
- How the payday lending industry dodged a bullet with new a new consumer protection bill in Illinois.
- How pending rules on direct deposit might change the prepaid market.
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