Posted on November 26, 2014

I'm attaching a graph I read this week about the explosion in the creation of data. So yes, while it is no surprise to anyone that we are witnessing a revolution in the creation of information, it is still dramatic. I would say it could be one of the defining forces of our time.

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Posted on November 24, 2014

A review of the costs of four different prepaid cards that fulfill the niche re-entry market. These cards are given to people at the moment they leave jail or prison.

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Posted on November 20, 2014

On Tuesday, seven banks renewed their credit agreement with World Acceptance. The new $630 million line of credit runs through November 2016. While BB&T had been party to the previous relationship, it declined to participate this time. As well, TD North says that it will drop out in June of next year.

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Posted on November 14, 2014

My reaction's to the CFPB's proposed rule-making on prepaid cards. Bottom line - I think it is a good set of ideas.

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Posted on November 12, 2014

Wherein I discuss who the CFPB might design its proposed model disclosure for prepaid cards, how many items they will choose to include in the disclosure, and what elements bear watching for inclusion or exclusion.

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Posted on November 6, 2014

The CRA does not fit with the model of a bank that interacts with its customers in a branch-less mode. Here are a few examples of that poor fit.

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Posted on November 4, 2014

Regulators appear poised to finally accommodate the branchless distribution network of prepaid cards to the framework of the Community Reinvestment Act.

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

"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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