PCA Forums

Posted: **Wed Dec 06, 2017 8:01 pm**

So much for draining the swap.

https://mobile.nytimes.com/2017/12/05/b ... l?referer=

Posted: **Thu Dec 07, 2017 7:34 am**

Come on, who honestly believed that bullshit to begin with?

Posted: **Thu Dec 07, 2017 8:52 am**

So annoyed with govt.

Posted: **Thu Dec 07, 2017 9:07 am**

After a nearly three-year legal skirmish, the Consumer Financial Protection Bureau appeared to have been victorious. A judge agreed in September with the bureau that a financial company had misled more than 100,000 mortgage customers. As punishment, the judge ordered the Ohio company, Nationwide Biweekly Administration, to pay nearly $8 million in penalties.

Is my math correct? A back misled 100,000 people and got fines $80 per person? I don't know the regulations but that seems like a slap on the wrist. If a bank can afford to lend to 100,000 people, they can afford stiffer penalties.

Posted: **Thu Dec 07, 2017 9:25 am**

Now they don't even have to pay that. The new boss is dropping it.

Posted: **Fri Dec 08, 2017 11:21 am**

Bank fines have always been minor slaps on the wrist vs the damage caused.

PCA Forums

Consumer Bureau’s New Leader Steers a Sudden Reversal

Consumer Bureau’s New Leader Steers a Sudden Reversal

Re: Consumer Bureau’s New Leader Steers a Sudden Reversal

Re: Consumer Bureau’s New Leader Steers a Sudden Reversal

Re: Consumer Bureau’s New Leader Steers a Sudden Reversal

Re: Consumer Bureau’s New Leader Steers a Sudden Reversal

Re: Consumer Bureau’s New Leader Steers a Sudden Reversal