It’s common sense to honor a client’s best interests. But how to do that remains foggy as the White House reviews—and could rewrite—a new retirement planning rule.
Even though most large banks passed the recent Federal Reserve stress tests, smaller institutions should prepare for dramatically adverse economic scenarios as well.
By throwing mega banks into fee income turmoil, the Durbin Amendment presents a lucky break to community banks – if they’ve prepared well enough to take advantage of it.
Prepaid cards need clearer fee disclosure requirements and a ‘Schumer Box’-type model would be helpful.
A recent Supreme Court decision makes it advisable for financial institutions to add arbitration provisions with class action waivers to deposit agreements.
Financial writer Robert Stowe England details the major lessons bankers should learn from the 2007-2008 financial crisis, including the paramount need for holistic risk management.