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Among other things, House lawmakers shouldn't tell Jamie Dimon how awesome he is (he already knows) and shouldn't suggest over-regulation caused the $2 billion-plus loss at the bank. To find out the worst thing they could do, however, read on.
June 18
IntraFi Network -
We finally have a regulator with no mandate to preserve banks' image. To protect consumers, the CFPB must assure that those who cheat them are punished. New rules won't help if we don't enforce the old ones.
June 18
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Frank Diekmann's experience speaking at the Illinois league's annual meeting at the Renaissance Hotel in Schaumburg.
June 18
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Home Depot told shareholders that interchange price controls would add "$35 million a year" to the bottom line. Why should consumers now believe the company has chosen not to keep these newfound gains for itself?
June 15 -
If a bank doesn't disclose what it's not charging, someone might assume it is charging that fee without disclosing. Pew Charitable Trusts made that assumption, and says consumers could too.
June 15
American Banker
