If ratified by the Fed, the new liquidity ratios could constrain lending, at the worst possible time. A proposed capital buffer is theoretically countercyclical, but needs more work.
The federal appraisal guidelines do not require that an evaluation be prepared by a licensed or certified appraiser. But the appraisal acts in many states do.
On Wednesday, Occupy the SEC will be marching in Manhattan from JPMorgan Chase's downtown office to the SEC, calling for the agency to investigate Jamie Dimon himself for possible violation of the disclosure requirements of Sarbanes-Oxley Act.
Federal agencies' failure to recognize a fundamental statistical concept results in encouraging lenders to take actions that make them more likely targets for litigation.
Banks must be selective of the practices they borrow from online retailers. Survey says: customers want to get in and get out and they hold banks to higher standards.
