'He should never have joined': Comments of the week
August 18, 2017 9:00 AM
Marek Uliasz/Marek - stock.adobe.com
'He should never have joined': Comments of the week
Readers weigh in on the end of President Trump's business councils, what the Charlottesville, Va., clashes mean for banks, OSHA's mishandling of Wells Fargo whistleblower claims, community banks' embrace of blockchain, and more.
Giulia Marchi/Bloomberg
On how the dissolution of President Trump's business councils takes the heat off of Jamie Dimon, who had faced criticism for participating:
"He should have never joined it…" (via Twitter )
•Pressure's off Dimon as Trump business councils disband
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hreniuca - stock.adobe.com
On the increasing necessity for banks to speak up about hot-button political issues:
"Banks (and FIs in general) would be well served — both morally (because it's the right thing to do) and in terms of public perception — by emphasizing their commitment to diversity and inclusion and their opposition to racism and hate."
•Can banks afford to remain on the political sidelines?
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Sergey Nivens - stock.adobe.com
On why it's less appealing for banks to be politically neutral following events like the violent clashes in Charlottesville, Va.:
"While I generally agree with this article, I think it is stupid that people in general have to state publicly that they are good and honorable people, that should be assumed until they do something that shows otherwise."
•Can banks afford to remain on the political sidelines?
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Inok - stock.adobe.com
Criticizing an op-ed that touts alternatives to the Federal Reserve's issuance and control of real currency:
"This guy forgets or neglects to mention that the days he is hoping for the return of were when currency was backed by gold and silver."
•Banks can succeed without the Fed
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ikuday - stock.adobe.com
On the Occupational Safety and Health Administration's mishandling warnings about Wells Fargo's branch sales practices:
"OSHA let down the public, these Wells Fargo employees and, honestly, the bank itself." (via Twitter )
•Unprotected: How the feds failed two Wells Fargo whistleblowers
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Shawn Hempel - stock.adobe.com
On how the Dodd-Frank Act's Volcker Rule might be interfering with community banks' ability to reap benefits from fintech:
"And yet I still hear some policymakers assert that community banks are not affected by the Volcker Rule — which, I will add, is contrary to what I hear from community bankers."
•Small banks' fintech efforts held back by Volcker Rule
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Maksim Kabakou - stock.adobe.com
On Sen. Elizabeth Warren urging banks to air their positions on the Consumer Financial Protection Bureau's arbitration rule:
"'Freedom of speech includes the freedom not to speak.' Absolutely. It also includes the freedom of Sen. Warren to publicly tell bank customers, like me, which banks accepted or declined her invitation to speak."
•Warren asks banks to take public position on CFPB arbitration rule
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monsitj - stock.adobe.com
On community banks collaborating to find ways to benefit from blockchain:
"@AmerBanker op-ed makes the case that should be clear as rain: #communitybanks stand to gain from blockchain." (via Twitter )
•Community banks stand to gain from blockchain — if they work together
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Dmitry Guzhanin/Dmitry Guzhanin - stock.adobe.co
On states seeking to harmonize regulatory regimes as a way to compete with the Office of the Comptroller of the Currency's fintech charter:
"The beauty of the federal system: competition among governments to find the regulatory program that most fits consumer interests and needs."
•States developing single regulatory structure for fintech firms
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