Slideshow 'As If JPM Has Such a Sterling Reputation': Comments of the Week

Published
  • March 28 2014, 11:09am EDT
12 Images Total

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

Image: Fotolia

On lavish spending by CertusBank executives leading to big losses:

"It may be too late to save this ship - with half of the capital gone and no one beating down the doors to invest more, a fire sale may be the only answer."

Related Article: Certus Dream Team Gets Its Wake-Up Call

Image: Thinkstock

Content Continues Below


On lavish spending by CertusBank executives leading to big losses:

"They have crippled departments, laid-off people and denied just compensations to employees while fattening their own pockets which is socially and morally wrong."

Related Article: Certus Dream Team Gets Its Wake-Up Call


On JPMorgan Chase (JPM) refusing to process payments for a condom company due to reputational risk:

"As if JPMorgan Chase … has such a sterling reputation, that it would be besmirched by processing payments for a distributor of female condoms."

Related Article: JPMorgan, Condoms and the Problem of Reputational Risk

Image: Bloomberg News

On the government using the banking system to discourage certain activities:

"Operation Choke Point and comparable regulatory efforts are driving us toward politically correct banking … Rule of Law rather than Rule of Gossip should be our standard."

Related Article: JPMorgan, Condoms and the Problem of Reputational Risk

Image: Thinkstock

Content Continues Below


On the Consumer Financial Protection Bureau taking aim at 'zombie' foreclosures at a time when it faces concerns about discrimination within its ranks:

"Lots of irony here: The CFPB is attacking foreclosure 'zombies,' while at the same, it appears to be resurrecting Jim Crow."

Related Article: CFPB Takes Aim at 'Zombie' Foreclosures

Image: Bloomberg News

On the CFPB nearing completion of payday lending rules:

"Surely [the CFPB] understands consumers seek out these loans because they need them and many remain in a continuous state of borrowing out of need and by choice."

Related Article: CFPB Close to Finishing Payday Loan Rules


On the CFPB nearing completion of payday lending rules:

"The FDIC/OCC guidance caused all five banks that make deposit advances to immediately announce their intention to cease offering the product. 'Guidance' or prohibition? Are the regulators making rules or writing laws?"

Related Article: CFPB Close to Finishing Payday Loan Rules

Image: Thinkstock

Content Continues Below


On banks featuring mobile devices in branches:

"When will we shed this obsession with designing every experience in the context of the physical location, and recognize the superior time and place utility of digital channels and media?"

Related Article: How Banks Can Prepare for a Rush of Mobile Users

Image: Thinkstock

On what's holding back mobile payments:

"Innovators and early adopters may be satisfied with the 'cool' factor of mobile and alternative payments, but the majority will require much more. Marketers have their work cut out for them not only with consumers, but retailers and payment providers as well."

Related Article: Why Mobile Payments Have Yet to Take Off

Image: Thinkstock

On how data-sharing can help prevent fraud:

"For this to work, there must be industry incentives to collaborate."

Related Article: How Data-Sharing Can Keep Fraud from Spreading

Image: Thinkstock

Content Continues Below


On student loan debt stifling the housing market:

"Often overlooked in the student loan crisis articles is data around Parent loans … Junior only got saddled with $29,000 but mom and dad are on the hook for far, far more."

Related Article: Burden of Student Loans Stifles the Housing Market

Image: Thinkstock