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CFPB: Are They Coming to Get You?

Jeff For Banks

Another challenge is imposed by the very government that tries to assist LMI households: regulation. The operating cost is largely attributable to the distribution through the branch network and regulation. Since a bank can't cut regulation, they trim their branch network to lower those costs. What does that write-up look like?

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Deposits: Do you want a relationship or fries with that?

Jeff For Banks

Regulators have been particularly harsh to those banks whose business plans call for other-than-traditional deposit acquisition. If your bank has brokered deposits, Internet deposits, jumbo CDs, rewards checking, and in some cases CDARs, a regulator near you may be calling to order you to seek more traditional funding.

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