The railing of industry representatives against DOJ investigations is out of proportion to the problem of illegal lending and discrimination observable in our banking system.
The two most notable differences between the CFPB and other regulatory bodies are the unusual and unprecedented funding mechanism provided and extent of the powers authorized for the director.
Unlike grading corporate credits, rating big countries is thoroughly ridiculous. We can all look at the same budget numbers and assess the political prospects as well as any rating agency.
The downgrading of the government to double-A-plus was not only correct but overdue. If anything, S&P should have taken Uncle Sam down to double-A-minus, given the deadlock over revenues and spending.
Changing the 7(a) rules to move commercial real estate loans exclusively to the 504 program would immediately free up millions of dollars in working capital and start-up loans for small businesses.
A change in leadership for the Financial Stability Board is a pointed opportunity for the G20 to better focus on the FSB's role in coordinating global regulatory efforts.
