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.
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.
There's a difference between projecting confidence and ignoring risk. In their public handicapping of mortgage litigation, bank executives have done the latter.
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.
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.
Over the years, I've asked scores of bank managers about their best employees. As often as not, the most productive were folks from non-banking backgrounds, quite often without college degrees.
Over the years, I've asked scores of bank managers about their best employees. As often as not, the most productive were folks from non-banking backgrounds, quite often without college degrees.
