An Audacious Goal: Uniform & Consistent Testing
When looking at modernizing/improving the Community Reinvestment Act of 1977 (CRA), regulators must look back on the past to see how we got here. This look backward, while disconcerting, is not difficult. Redlining was real. It was an accepted (and…
In the Words of Nancy Regan, “Just Say No.”
Since the turn of the century, nearly 7,000 U.S. banks have disappeared from the ranks. As the quantity goes down, the assets of those that remain go up. As a result, we now have four U.S. banks that exceed the…
Lower Bank Fee Promisers (or Deliverers)
We promised you last week that we would delve more deeply into bank service fee income. In particular, we want to make sure the banks that are making promises to lower their fees, actually do so. To that end, we…