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October 24, 2012

NetSpend: Dan Henry will now get four years of salary if and when he steps down from his CEO position. Henry earns a salary of $410,500.  As well, options for 608,000 shares in NetSpend common stock will immediately vest at a strike price of $3.53. Were that to happen today, that portion of Henry's options would have a value of

October 22, 2012

The University of Phoenix, the nation's largest post-secondary institution, is quietly shutting down campuses in cities across the country.

This week, the U of P said that they would shut down campuses and learning centers in Ohio, New Mexico, and

October 18, 2012

Reviews of the Home Affordable Modification Program ("HAMP") tend to agree on a skeptical tone, but they diverge in terms of their analysis. The split often reflects the orientation of the critic. Those that are looking at the problem from up on high tend to attach their a priori conceptions of the concept of modification - either from the perspective that its best to "take no quarter" in terms of forgiveness or from the belief that it is does

October 16, 2012

Consumers can get a lot from their prepaid debit card, but one exception to that rule is good customer service. With almost every instance, calling a prepaid card company is a difficult exercise.

I call customer service regularly. For me, it's a good way to ask basic questions about new products. While it

October 12, 2012

Yesterday I tweeted out my view that Green Dot shares are being punished by an overreaction to the power of the relationship between Wal-Mart and Green Dot.

Well, I have had twenty-four hours to think about what I said, and I still feel that people are wrong about this company.

I understand that Green Dot is going to lose some business from Amex's Bluebird card, but everyone should be

October 11, 2012

If your bank won't make a loan, then who will? There are a lot of myths about small business lending: some say it is the last place where community banks have a competitive advantage, some say that it begins and ends with SBA, and others assume that all small business loans are without their problems.

The truth is that small banks are increasingly ceding small business lending to big banks. SBA does account for

October 10, 2012

Let's be honest: plenty of banks lack for any kind of imagination.

In most fields, the simplistic rote lessons taught in most schools are quickly replaced in the professional world by techniques that capitalize on experience and nuance. I went to journalism school back in the 90s. We were taught

October 9, 2012

Everyone seems to have forgotten an important thing about American Express prepaid debit cards.

They cannot accept a federal benefits payment.

I think that investors and the press have both over-reacted to the news of Amex's new contract with Wal-Mart to put their Bluebird prepaid cards on the shelves of the world's largest retailer. Immediately after opening, Green Dot shares fell fifteen

October 5, 2012

It is the lack of supervision over servicers makes it possible for a property to be foreclosed upon but never sold.

The home in Durham which was pictured in this entry is among that group. A Colorado company called Specialized Loan Servicing currently has the contract to service this home. Standard & Poor's says that of

October 1, 2012

To borrow a phrase from Richard Florida, "who's your city?"

Could it be that its more important to have people lining up to use the ATM rather than signing up for the next session on regression?

Florida, as well as several other academics in the field of human capital, links educational attainment with

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