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Bad Risk Data Could Be Big Banks' Downfall
The surprising part of a recent report on U.S. stress tests is not that Deutsche Bank and Banco Santander might fail, but that large banks manage to pass any country's stress tests at all.
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A North Carolina newspaper published an editorial this week stating that state law, the Affordable Care Act and a series of articles published in 2012 has led nonprofit hospitals in North Carolina to become less aggressive in pursuing former patients who can’t pay their bills. more »
Leslie Parrish is the deputy research director at the Center for Responsible Lending.
Many colleges partner with banks to offer their students special accounts through exclusive bank-school marketing arrangements. Unfortunately, the benefits afforded to students through these accounts are grossly overstated, while the potential harm the arrangements cause can be significant. more »
Nick Bourke is director of the small-dollar loans project at The Pew Charitable Trusts.
The Consumer Financial Protection Bureau can learn a lot from the Centennial State. more »
Ellen Seidman is senior fellow and Wei Li is senior research associate at the Urban Institute.
The traditional method of measuring mortgage denial rates is fundamentally flawed and can produce mistaken conclusions about access to credit. more »
A TOUCH OF CLASS: Bess Myerson, shown here in 1957, believed Citi owed it to consumers to assign promising employees, rather than the lower performers, to its debt-collection unit.
Revising the promissory note had taught Bess Myerson that Citi’s collection unit tended to engage in strong-arm processes with a singular mission to collect debts by hook or crook. So she shifted her attention to reforming the way that collectors interacted with delinquent customers. more »
Kenneth A. Posner is chief of strategic planning and investor relations at Capital Bank Financial Corp.
Alternative online lenders have been thrust into the limelight with the recent initial public offerings of Lending Club and OnDeck. Industry leaders are confident about their ability to change the way that people borrow money. more »
B. Dan Berger is president and chief executive of the National Association of Federal Credit Unions.
It is hard to believe that more than a year has gone by since Target disclosed a massive data breach — and harder still to accept that consumers face a new holiday shopping season without the benefit of national standards on data security and breach notification safeguards for retailers. more »
Eric Lindeen
The CFPB made an announcement in October that caused many consumer advocates to cheer and many bankers to scratch their heads. In short, it's ready to address the decades-old consumer complaint of being rejected for a checking account based on information that they believe is irrelevant, inaccurate or inconvenient. more »
Brandon M. Thompson is an attorney at Levine Kellogg Lehman Schneider + Grossman LLP.
Constant, berating phone calls. Letters to employers that serve no purpose other than to shame the consumer. Making people's personal financial pain public. more »
Cliff Rosenthal recently retired from the Consumer Financial Protection Bureau.
On Friday, May 4, 2012, I ended my career at the National Federation of CDCUs. I attended a White House conference on cooperatives, flew back to New York that evening and locked the door behind me. On Monday, May 7, I reported to work as Assistant Director of the Consumer Financial Protection Bureau. more »
Astrid Rial
The Federal Trade Commission and Consumer Financial Protection Bureau hosted a “Debt Collection and the Latino Community Roundtable” in October to examine how collection and credit reporting impact Latino consumers - particularly those with Limited English Proficiency (LEP). more »
Sen. Elizabeth Warren recently told New York Federal Reserve President William Dudley to man up on bank enforcement, warning him that if he won't, "we need to get someone who will." more »

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