Banks that only do the minimum to address the public's grievances may as well just put a target on their backs for regulators - as well as for competitors.
With all the twists and backroom turns, government officials' quest for a settlement and restitution from banks and mortgage servicers is starting to resemble a 1960s screwball comedy.
Javelin's James Van Dyke says young, would-be money movers face "the Occupier's Dilemma": they like the idea of community-based institutions, but are more attached to the large banks' tech offerings.
Richard Cordray is right to crack down on illegal practices in payday lending. It is essential that his agency also ensure consumers continue to have online access to emergency credit products.
I naively thought that Suze Orman's new prepaid offering would help turn the tide of negativity. Instead, it has had the opposite effect, creating a seemingly endless echo chamber about the evils of prepaid.
My guess is that Shaun Donovan and Tim Geithner are burning the midnight oil and firing up the afterburners in attempts to wrap this agreement up by Tuesday's State of the Union address.
