The very fact that terms like "too-big-to-fail" and "systemically important financial institutions" are in the financial lexicon is proof enough that our financial system is badly out of balance.
It is time for us to completely reconsider compensation for banking executives. Let's "blow up" the incentive model and replace it with a system rooted entirely in base pay.
CUNA has tracked at least 60,000 contacts to Congress since late March from credit unions, small businesses and others in support of the Credit Union Small Business Jobs Act.
The social network just wants to know everything about the consumer. Payments happen to be the best way for people to show they really "like" a product.
Most shareholders are not activists. Relatively few voice displeasure over executive pay, or other issues such as reappointment of ineffective audit firms. About the only thing they do wake up for is to complain about poor dividends.
The history is clear: the CFPB was given flexibility to change the 'qualified mortgage' definition in order to ensure that it does not limit the availability of responsible and affordable mortgages.
Beyond providing governance and ethics lessons about a shocking corporate scandal, this Wal-Mart story illustrates why combining commerce and banking is such a bad idea.
Every notable historical battle that's pitted the outraged against the outrageous actions of the oppressors has had its champions. The French Revolution had Marianne, the foreclosure crisis has Senka Huskic.
