On Capital One's recent massive data breach:

“Another day, another hack. When does the payment cards community conclude that its products are simply fraud-prone? When do policymakers step in?”

Related: Capital One’s data breach was bad. It could’ve been worse
On The Bancorp expanding its business in securitizing commercial real estate loans:

"Yikes. The beginning of the end? Feels like we've been here before."

Related: The Bancorp's risky CRE pivot
On House lawmakers considering including other alternative data in consumer credit reports:

"It's been my first-hand observation that if consumers aren't paying their utilities on-time, they likely aren't paying anything else on time either so how would that hurt consumers any more than they're already hurting?"

Related: House revives effort to allow nontraditional data in credit scores
On criticisms to comments made by the head of the Financial Accounting Standards Board in defending the new current expected credit loss, or CECL:

"One of the most telling criticisms by the author is the . . . assigning in up-front the losses based upon those predictions, but not recognizing the earnings that are to be received over that same period."

Related: CECL: A solution in search of a problem
Magnifying glass image on columns of numbers
Another reader responds to criticisms of the incoming CECL standard:

"The proposed accounting for loan loss reserves will not change the economics of the lending business; it will be determined by actual credit losses over time . . . It is these economics which will determine credit availability."

Related: CECL: A solution in search of a problem
Eric Blankenstein, head of CFPB enforcement
On senators asking the Department of Housing and Urban Development to fire a new official who previously resigned from the Consumer Financial Protection Bureau for running a racially charged blog years ago:

"If all political appointees are to be fired . . . many, many other high-level appointees put into place by Sen. Elizabeth Warren or (former CFPB Director) Richard Cordray would be included in the firings."

Related: Former CFPB official 'may have abused his authority': Inspector general
Open banking
On fintechs that are building products to help older Americans with little or no retirement savings:

"The retirement paycheck is a brilliant idea that would benefit so many."

Related: The fintechs trying to solve America’s retirement problem