Is it fair to give a 30% haircut to borrowers who put zero down, and not to their neighbors who put 30% down? Or to distribute taxpayer funds to five states with half the country's negative equity?
Women expect you to walk the talk. If you say, "we care about and believe in women," yet all of your management is men, then, Houston, you have a problem.
A warning on too big to fail might not have the same impact if said by the Occupy movement, but when Federal Reserve officials put it in an annual report, it hits home.
The message from the banking industry to those lacking excellent credit is that they're welcome to deposit money, usually without interest and subject to fees - but not to borrow it unsecured.
With the CFPB looking broadly at third-party relationships, lenders need to know the qualifications of anyone handling an account for them. Giving carte blanche to middlemen to hire car repossession agents may no longer be an option.
Few managers manage costs. Instead, they manage the elements around cost, such as headcount. That never illuminates how work can be done differently to create permanent operating efficiencies.
First the Republicans pass a bill they must know had zero chance of enactment, misleadingly claiming it will cut the deficit. Even more absurdly, they then compare the Office of Financial Research to Big Brother.
Particularly vexing is one bank's requirement that cardholders sign up for a payment protection service before receiving materials describing it. Hawaii deserves praise for protecting residents from these questionable practices.
The FDIC is right in its apparent concern about the declining numbers of community banks, but it is exploring areas and questions that are irrelevant to any solution.
