Comments of the Week
Published April 13, 2012 11:28 AM
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Updated April 13, 2012 1:07 PM
1 Min Read
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On social media strategies:
"The problem [is] what to do with the social media page you have. Few want to 'like' their banks."
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On letting student loans be discharged in bankruptcy:
"If mortgages could not be discharged in bankruptcy maybe it would not have been as easy for strategic defaulters to walk away."
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On Small Business Lending Fund increases:
"Is anyone looking at the quality of these loans? A 21.5% increase when the industry is at 1% should raise some eyebrows with regulators."
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On data security:
"Big data breaches will continue for as long as stolen card data remains replayable in counterfeit cards or in Card Not Present transactions. Yet we could kill two birds -- carding and CNP fraud -- with one stone if we simply deployed chip across all payments channels."
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On banks keeping up with the times:
"Consumers have long trusted banks to hold their money, so why not trust them to hold other information as well--a digital safe deposit box."
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On raising the credit union cap on business lending:
"I am perfectly OK providing that to these twenty credit unions that want to act like banks - just make all the members owners and send them a dividend each year to pay their taxes. Oh wait - that would level the playing field. And some have done that -- they are called mutuals!"
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On why Charlotte became a banking hub:
"Because of Georgia banks' inability to have state-wide branching the North Carolina banks were able to create the critical mass that allowed them to take advantage of crossing state lines when the McFadden Act was repealed."
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On banks exiting student lending:
"If a bank or other financial institution feels forced to leave the private student loan space -- or any other space -- because it might be required to provide full, transparent, easy-to-understand disclosures to its customers, then that says a lot about the character of the company."
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On the SuperPAC for banks:
"You need only think about 'Clean Coal' campaign to get really suspicious of this supposed mission."
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On the SuperPAC for banks:
"It's about time we start a SuperPAC. Our industry has been needlessly punished in ways that hurt our shareholders and our customers with costs that don't create offsetting benefits"
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On the SuperPAC for banks:
"Since when do bankers have a 'lack of political power?' Maybe this is true in the Bizarro World, where everything is backwards."
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On the SuperPAC for banks:
"The Too-Big-To-Behave banks are not satisfied with simply controlling the agencies that are supposed to enforce federal financial regulations. They want to gain control of the federal law-making bodies that create the regulations."
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