Posted on March 27, 2015

Wherein I reflect on the CFPB's payday loan proposed rule, some commentary on yesterday's field hearing in Richmond, and how it squares with what I see in my home town of Durham.

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Posted on March 24, 2015

An short summary of my comments to the CFPB on the proposed prepaid card rulemaking. My full statement is available here.

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Posted on March 17, 2015

Generally, the biggest banks are making less on overdraft than they did just a few years ago. But Wells Fargo has managed to buck that trend.

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Posted on March 10, 2015

Banks want to close branches. Bank of America wants to close the most. What's the impact? Answer: more deposits and more mobile services.

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Posted on March 5, 2015

When the St. Louis Fed examined disparities in wealth, African-Americans still came up short even after controlling for age and educational attainment.

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Posted on March 3, 2015

Can Wall Street take loan mods to scale? Is this really an opportunity to do it better? On the one hand, plenty of servicers appear to be slow on the uptake. Yet doing that will be depend a great deal upon the availability of housing counselors. Those counselors handle the details of their borrower's paperwork. Housing counseling agencies are finding it more and more difficult to keep their doors open.

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Posted on February 25, 2015

A few choice words on why the acquisition of OneWest Bank by CIT Group deserve more attention.

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Connecting the Dots: How Wall Street Brings Fringe Lending to Main Street

At-risk students, for-profit college

"I Feel Like I was Set Up to Fail: Inside a For-Profit College Nightmare."

This story was published in Salon Magazine on January 27th, 2014. In March, Senator Richard Durbin cited this story when speaking on behalf of his bill, The Student Loan Borrowers Bill of Rights.

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