Financial Regulators Send Mixed Messages, and Consumers Pay the Price
Regulatory policies need to be both rational and consistent in order to work efficiently. Conflicting regulatory requirements lead to paralysis, and irrational regulatory requirements lead to waste and unnecessary costs.
Raymond Natter is a partner in the Washington law firm of Barnett Sivon & Natter, P.C.
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Rohit Gupta, president and chief executive of Genworth Mortgage Insurance, and Adolfo Marzol, executive vice president of Essent, are co-chairs of U.S. Mortgage Insurers.
Policymakers, consumer advocates and housing industry experts are coming to a consensus that the credit pendulum has swung too far in the aftermath of the housing crisis. more »
The Honorable Michael B. Kaplan is a bankruptcy judge for the district of New Jersey in Trenton
Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient. more »
Derek Corcoran is the chief experience officer at Avoka.
We live in the age of the customer, as American Banker's recent Financial Services Marketing & Innovation Symposium in New York made clear. Here are a few of the biggest takeaways from the event earlier this month. more »
The powerful, well-tuned U.S. economy is picking up speed rapidly, with much of the power under our hood yet to be fully engaged, according to the latest report on small business credit trends from Experian and Moody's Analytics. The road to a full recovery, however, remains long. more »
Rich Walker is a managing director with Winterberry Group, where he leads the financial service practice.
Fair lending is a key consideration for any consumer lending program. According to the "effects test" or disparate impact doctrine used by the Consumer Financial Protection Bureau, credit card issuers must avoid not only direct, intentional discrimination but also practices that have the effect of discrimination. more »
Paul Schaus is president and of CCG Catalyst.
If third-party vendor risk management is becoming an overwhelming chore for your bank, perhaps you're interpreting the most recent guidance from the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. too literally. more »
Carrie Hunt is senior vice president of government affairs and general counsel at the National Association of Federal Credit Unions.
The lazy, hazy days of summer appear to have no effect on cybercriminals. If anything, they seem to be emboldened to conduct more attacks. more »
The two most important asks the SBA has heard from lenders are: modernize and simplify lending processes, and enhance existing lending programs, specifically 7(a) and 504 loans. Both practices, if done right, can foster the growth of American enterprises and maximize our economy's job creation potential. more »
Security concerns are commonly cited as the reason for the lack of widespread adoption of mobile banking. But there is risk with every type of payment - lest we forget the growing list of recent major retailer and restaurant card data breaches. more »
Rep. Marlin Stutzman, R-Indiana, is member of the House Financial Services Committee.
Farming should be at the center of the Farm Credit System. Unfortunately, a too-big-to-fail approach has allowed this $247 billion government-sponsored enterprise to overstep its purpose and crowd out private lenders. more »
Peter G. Weinstock is the Practice Group Leader of the Financial Institutions Corporate and Regulatory practice group at Hunton & Williams LLP.
In his book David and Goliath, Malcolm Gladwell explores the U-shaped curve for different efforts. Specifically, he discusses the effect that reducing class size has on education performance, increasing incarceration has on crime and social welfare, and increasing parental income has on child rearing. more »
Pastor Mark Whitlock is the senior minister of the largest Black church in Orange County and the director of corporate partnerships for the 5,000 African Methodist Episcopal churches in the U.S. Pastor Sam Rodriguez is the president of the National Hispanic Christian Leadership Conference, which consists of 40,000 Latino evangelical churches across the nation.
Regulatory requirements that bar homeowners with imperfect credit scores from receiving a mortgage are hurting minorities and the economy as a whole. more »

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