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March 1, 2012

Viewpoint: Get a First-Mover Edge in Consumer Reg Reform

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Banks that address the regulatory changes related to consumer protection, while also establishing new value propositions for their products and services, could gain an advantage.

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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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