c. myblog

August 19, 2011

Farewell To Borders: No Business Is Immune

No business is immune to the pressures of external forces and changing consumer behaviors.  At the end of July, after being in business for over 40 years, Borders notified its 1.6M rewards customers that it would be closing its doors for good. According to Borders’ 2010 annual report, the company had: 642 stores 16,400 employees […]

August 11, 2011

Thoughts On Checking Account Fees

Given the current challenges that financial institutions are facing, free checking has been proclaimed a soon-to-be thing of the past.  Many banks and some credit unions have already moved away from free checking, but many credit unions are wrestling with the idea.  Here are a few of the arguments we’ve heard against charging for checking […]

August 5, 2011

U.S. Debt Downgrade?

Six days before the deadline to raise the national debt limit, 30 of 53 economists surveyed by Reuters news service believed the United States will lose its AAA debt rating in the near future.  Some would argue that kind of action is overdue with the national debt standing at about $14.5 trillion and growing.  However, […]

July 28, 2011

Policy Limits And The Proposed Regulation For IRR

The following is an excerpt from our response to NCUA’s proposed regulation on IRR.  While the excerpt focuses on a potential issue with the proposed regulation, it also highlights a concern we have with the way certain policy limits are written that don’t look at the actual risk of an institution. Appropriate Policy Limits Another […]

July 20, 2011

Back In The Subprime Game

In a recent issue of the Wall Street Journal, Lewis Ranieri—once known as the father of mortgage finance—said it is time for nontraditional lenders to enter the market, bringing with them a return to subprime lending.  Ranieri said “the pendulum has swung too far in the other direction,” meaning that lending standards were once too […]

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