The original language describing a qualified mortgage was written more from the perspective of addressing certain market deficiencies rather than as an effective set of underwriting guidance.
The Durbin amendment did not so much make the economics of low value payments unsustainable as reveal the fundamental truth that they were unsustainable to begin with.
Nancy and Ray scour the highways and byways looking for ATMs lacking proper fee-notice signs. When they find one, they make a cash withdrawal, take a picture and file a class-action lawsuit. They are not alone.
My first instinct as a credit union CEO is to say that more banking institutions need to stop looking at their customers as just numbers on a balance sheet.
You never know if a small business owner is sitting around frustrated with his current bank - but not quite motivated to pick up and leave without prompting.
The average student debt upon graduation won't quite reach the level of the average subprime mortgage, but the "investment" in education will likely be farther underwater than the average subprime house.
There's an assumption is that investing in branch remodels is simply a cost of doing business. But many banks are not using three easy strategies to realize significant returns on that investment.
