The new credit loss standards may seem like one more hurdle to clear. But played correctly, they’ll help smaller banks gain new efficiencies.
The Dodd-Frank legislation makes it harder for banks to avoid liability under state law by making it more difficult for them to raise the ‘preemption’ argument.
Banks are accustomed to thinking about Big Data in terms of marketing but regulatory compliance nowadays also requires some very big data.
In a survival-of-the-fittest financial world, banks owe their survival to regulatory barriers that keep out more efficient competitors.
Retail banks as well as major issuers need to be ready with both a product and marketing response if retailers increase customer fees for credit card usage.
Facing populist anger in the courtroom, banks and their attorneys need to show humility and bring the fairness argument into play on their side.