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March 6, 2012
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March 1, 2012

Viewpoint: Turn Overdraft Rule Changes into a Positive

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By eliciting opt-in participation and by developing new products to help overdrafters, banks can maintain coverage with at least a third of the overdraft-prone customer pool.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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