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On the FDIC board unanimously approving a proposal that would allow banks to hire applicants with minor criminal records:

"What could possibly go wrong?"

Related: FDIC plan would make it easier for banks to hire ex-cons
A protester holds a sign that reads "Climate Emergency" while blocking an intersection during the Shut Down DC climate demonstration in Washington Sept. 23, 2019.
On a Senate proposal that would require the Federal Reserve to develop stress testing on climate-related risks to the financial system:

"Ridiculous political BS."

Related: Senate bill would require Fed to develop stress tests for climate risks
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On executives at Capco saying that easy-to-use payment rewards is the way to win the loyalty of digital-only customers:

"Rewards are bribes, incentives, traps . . . They don't generally create deep and strong bonds, and are easily displaced by competing offers."

Related: 'We don't hear people say, I love my bank'
Facebook Libra
On a Federal Reserve report identifying Facebook's proposed Libra stablecoin as a potential risk to the financial system:

"Is it just me or does this report feel as though it was written by Captain Obvious?"

Related: Stablecoins like Facebook's Libra may pose systemic risks, Fed says
Summer heat wave
On federal regulators beginning to raise concerns about climate change:

"Ridiculous! Climate change is another deep-state hoax. "

Related: U.S. banking regulators taking harder look at climate change
Smokestacks for story on climate change and banks, pollution
Another reader responds to Fed officials examining how climate change effects banking:

"We have an answer for climate-related losses. It's called insurance."

Related: U.S. banking regulators taking harder look at climate change
Students throw their mortar boards into the air in celebration during graduation.
On a call for legislation that would require more detailed, upfront disclosures to students about financing their degree:

"Financial education needs to take place well before someone even applies for a student loan, not at the time of application."

Related: How about educating the student before the loan?
OCC building
On an OCC proposal allowing banks to work around the 2015 'Madden' court ruling that restricted their ability to sell loans to third parties, like marketplace lenders:

"The academic research cited by the marketplace lenders shows a statistically significant effect, but a magnitude of barely larger than zero."

Related: OCC offers road map for banks to bypass ‘Madden’ ruling

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RecruitingClimate ChangeRiskRisk managementConsumer bankingLoyalty and rewardsCryptocurrenciesLaw and regulationFintech regulationsMidland Funding v MaddenFDICFederal ReserveFacebook
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Rachel Witkowski
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