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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. After losses of $24 and $23 million, respectively in 2008 and 09, the regulators in 2010 said enough is enough.

FDIC 78
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Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts. They also questioned the move in light of the lift BoA received from last month’s federal legislation, which slashed taxes for corporations.

America 109
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The Thinker

Independent Banker

Executive Committee, member, from 2010-2015. FDIC Advisory Committee on Community Banking, member. Hartings dove into the details of the deal, which involved ensuring Wright State University would help manage the dorms, finding a legal firm to handle the paperwork and helping get approval for tax-exempt financing from the county. “We

Ohio 70
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US Banking Industry Had No Failures In 2018

PYMNTS

FDIC) was founded in 1933 that an entire year went by without a bank going under. The reasons: economic expansion, President Donald Trump’s corporate tax changes and regulations put in place after the recession that are improving the risk at banks. Citing Bloomberg, CNBC noted that the largest U.S.

Industry 153
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Is US Financial Regulatory Reform Dead or Ready for Take Off?

FICO

In June, the House adopted, along a party line vote, the Choice Act, which aims to make broad changes to the 2010 Dodd-Frank statute. Perhaps an equally daunting challenge is the already crowded legislative agenda, which includes heavy-lift items like healthcare and tax reform and increased infrastructure spending.

US 40