Comments of the Week: Nov. 5 - 9

On big banks' foreclosure reviews paying consultants four times as much as wronged homeowners: On big banks' foreclosure reviews paying consultants four times as much as wronged homeowners: "This will drive up the prices to the consumer, which will help the consumer make a decision to leave the big banks."

Related Article: Foreclosure Review Pays Consultant $4 for Each $1 to Homeowners

(Image: Thinkstock)
On big banks' foreclosure reviews paying consultants four times as much as wronged homeowners: On big banks' foreclosure reviews paying consultants four times as much as wronged homeowners: "Four to one is a good forecast of the cost-benefit ratio of the CFPB."

Related Article: Foreclosure Review Pays Consultant $4 for Each $1 to Homeowners

Pictured: Richard Cordray, CFPB director

(Image: Bloomberg News)
On the CFPB's remittance rule being applied to small banks: On the CFPB's remittance rule being applied to small banks: "[This] reminds me of the police when they target workday commuters for traffic tickets. Meanwhile, the real criminals are breaking and entering the homes of those workers because the police are not focusing their attention where it belongs."

Related Article: Banks Call CFPB Remittance Rule Unworkable

(Image: Thinkstock)
On Elizabeth Warren winning a Senate seat: On Elizabeth Warren winning a Senate seat: "The champagne was flowing (figuratively, one presumes) at the CFPB today."

Related Article: Warren Wins Senate Seat; Likely to Play Key Role on Banking Issues

(Image: Thinkstock)
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On Elizabeth Warren winning a Senate seat: On Elizabeth Warren winning a Senate seat: "Smart lady with an agenda. Hope it aligns with lawmakers anxious to improve [the] economy by working across party lines."

Related Article: Warren Wins Senate Seat; Likely to Play Key Role on Banking Issues

(Image: Bloomberg News)
On how Obama's re-election will impact banks: On how Obama's re-election will impact banks: "The true impact of a second Obama term on banks is not going to be regulation. It's the economy."

Related Article: What Obama's Victory Means for Banks

(Image: Bloomberg News)
On how Jeb Hensarling will guide the House Financial Services Panel: On how Jeb Hensarling will guide the House Financial Services Panel: "Keep championing free markets!"

Related Article: How Hensarling Will Guide the House Financial Services Panel

(Image: Bloomberg News)
On Tulsa Bank's head-scarf ban: On Tulsa Bank's head-scarf ban: "There are no possible security issues with the wearing of the Hijab, other than a person’s own reaction to a woman wearing the Hijab."

Related Article: Tulsa Bank Urged to Abandon Head-Scarf Ban

(Image: Thinkstock)
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On the need to rethink large branch networks: On the need to rethink large branch networks: "People have erroneously predicted the death of the branch before."

Related Article: It's Time for Banks to Rethink Large Branch Networks

(Image: Thinkstock)
On HSBC preparing to pay up on its U.S. money-laundering case: On HSBC preparing to pay up on its U.S. money-laundering case: "HSBC [is] a continuing criminal enterprise. Why isn't this bank put to death?"

Related Article: Banking Goes Sandy Basic, HSBC Prepares to Pay Up

(Image: Bloomberg News)
On how to loosen the qualified mortgage straitjacket: On how to loosen the qualified mortgage straitjacket: "Any institution that does not sell the loans that it originates bears the risk of loss and should be exempted from the ‘ability to repay’ rules promulgated by Dodd-Frank."

Related Article: How to Loosen the 'Qualified Mortgage' Straitjacket

(Image: Thinkstock)
On Basel III leading more banks to consider subordinated debt: On Basel III leading more banks to consider subordinated debt: "Seems like the Trust-Preferred ruse (now, it is debt; no, it is equity). Why play these games?"

Related Article: Basel III Spurs More Banks to Consider Subordinated Debt

(Image: Thinkstock)
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On the need for banks to create fans, not customers: On the need for banks to create fans, not customers: "Wake up, banking industry before the public does. As soon as they figure out that you don't provide any real value they will stop being your customer... Hang on to those pens. You might need to sell them to keep your doors open."

Related Article: Fans, Not Customers: How to Create Growth Companies, Part I

(Image: Thinkstock)
On how to get more women in banks' seniors ranks: On how to get more women in banks' seniors ranks: "It might be time to check the Credit Union model. There women are far more common in leadership positions."

Related Article: How to Get More Women in Banks' Senior Ranks

(Image: Thinkstock)

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

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