If a meaningful deal isn't done in January, it will be time to admit that lenders' attorneys outfoxed the state AG coalition and to let the states look after their own interests.
If a meaningful deal isn't done in January, it will be time to admit that lenders' attorneys outfoxed the state AG coalition and to let the states look after their own interests.
When I first read about "Margin Call," a movie purporting to capture the drama of a Wall Street investment firm going belly-up, my response was of the "why bother" variety. Then I actually saw it.
Despite recent sweet talk about building better relationships and regaining trust, few banks are taking meaningful steps to do either. This may require some time in therapy.
In our increasingly detached world, where folks spend more time staring at little screens in their hands than interacting with people, the things that create real customer relationships are as simple as ever.
Imposing fees risks further alienation of consumers, raising the stakes on the "dare" to consumers to find other ways to meet their financial needs. And there are new and better ways for banks to make money.
Buying a college education is messy, but this complicated service nevertheless sells extremely well - with price increases that greatly outrun inflation. The marketing appeals to aspirations.
