BankThink

Treasury's on First, FHFA's on Second, I Don't Know's on Third

01/06/12

There's more confusion in the Obama administration's policy response to the foreclosure crisis than an Abbott and Costello routine. Now the Fed steps up to the plate.

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'Free' Checking That Isn't Has Cost Banks Their Reputations

01/05/12

Consumers are regularly disappointed when they are drawn into accounts portrayed as "free" and then wind up being socked with fees and charges. Then they tell all their friends.

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Compliance Needs to Start with the CEO

01/05/12

In this regulatory environment CEOs need to set compliance priorities. But with so many regulations, and more to come, where to begin? Focus on five areas.

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Why Not 100% Risk Retention? Make Mortgage Originators Hold the Bag

01/05/12

Recourse to originator is proven to work, it's normal. When credit card receivables are securitized, the originator/servicer must stand behind them.

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Banks Should Beat the CFPB to the Punch

01/05/12

Despite new threats of legal challenges or hopes for structural changes, this agency cannot be wished away. But banks can still influence the size and nature of the role the CFPB will play.

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Tax on GSEs? Refi Push? It's All Election Year Nonsense

01/04/12

It seems everything the government does in a down economy produces "jobs" in an election year. But macro-magic aside, the Social Security tax holiday and the promotion of mortgage refinancing are bad policies.

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Why I Love Bank Fees and Regulators Should Too

01/04/12

Customers might think banks are giving them great deals when they're actually getting ripped off. Upfront charges, however annoying, are far preferable to hidden costs.

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Big-Bank CEOs Go a Bridge Too Far by Offering Legal Opinions

01/04/12

There's a difference between projecting confidence and ignoring risk. In their public handicapping of mortgage litigation, bank executives have done the latter.

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Banks Unprepared to Prevent 'Consumer Harm'

01/03/12

Banks' current compliance monitoring and reviews programs do not include the means to identify, measure and remediate potential consumer harm - an expectation coming out of the mortgage consent orders.

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Banks Unprepared to Prevent 'Consumer Harm'

01/03/12

Banks' current compliance monitoring and reviews programs do not include the means to identify, measure and remediate potential consumer harm - an expectation coming out of the mortgage consent orders.

[more]