There’s been talk, in the recent past about Wal-Mart being allowed to enter the commercial banking sector. Which, eventhough I work on an incentive plan for commercial lenders at a bank with which Wal-Mart would likely directly compete if it did this nationally, I don’t really feel all that worried about.
Why? Well even […]
Under ERISA there are two major types of retirement plans allowed: Defined benefit and defined contribution.
The former promises a certain level of benefit upon retirement, usually as a function of how long an employee was with the company, salary level, and things of that nature. This is the sort of thing you’ll […]
Congress is conspiring with the regulatory authorities to drive away business from banks and hurt small-business owners. Through excessive data-gathering requirements and substantial risk of high fine to banks, the lending environment is becoming increasingly hostile to convenience stores. This is pretty unfortunate, as most C-stores are owned by immigrants, minorities, and hard-working […]
Please stop passing laws about banking. Seriously, just quit. Your thoughtless blundering is causing havoc (details tomorrow). Thank you.
No Love What-So-Ever,
Tim
A couple of days ago, before I got distracted making spreadsheets that seem to have made the Angry Bear even angrier*,I mentioned in passing that the government keeps track of typos on loan documents, I thought I’d elaborate.
There’s a law called the Community Reinvestment Act (CRA). Under the CRA banks are required to lend […]
The government keeps track of typos on loan documents, did you know that? It’s true, details and context forthcoming.
Not Orange County Choppers, the Office of the Central Comptroller. That is, one of the many regulatory agencies tasked with making the life of bankers everwhere sufficiently difficult.
Observation 1: Banks are responsible for enforcement of laws against money laundering. If a bank fails in due-dilligence, as defined by the OCC and rather nebulously […]
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