Reuters Analysis: Boost In Big Bank Fees Could Push Consumers To Turn To Alternative Lenders

Monday, October 17, 2011


Alternative finance firms, from credit unions to online and pawn lenders, are gaining traction as banks turn off the tap for easy cash and start charging fees for services that customers have had for free.
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BLOG POSTS
Dylan Ratigan: Platinum Citizenship
About a decade ago, I read an article in The Onion, "U.S. Offers PlatinumPlus Preferred Citizenship". Apparently, Tim Geithner did too, because from 2007-2011, this is the policy framework that he designed and executed.
Robert Kuttner: Simplify Banks and Bank Regulation
After Scott Brown's upset victory in the special Massachusetts Senate election, a panicky President Obama managed to sound like a populist for a couple of days. He called for a tax on banking profits and drafted Paul Volcker to appear at a quickie press conference so that the administration could call for something dubbed "The Volcker Rule". But this so-called Volcker Rule, a phrase the White House made up, turned out to be Glass-Steagall lite.
Amb. Alan D. Solomont: Historic Ties and Tools for the Future
With Spanish investment growing in the U.S., we are at a high point in our relationship. But there are more than 50 million reasons why it could be even better.
James M. Citrin: How Not to Hire a Leader
We would like to help change the way people think about hiring executives, to lay bare and overturn conventional wisdom about how to choose leaders. But it turns out that the perfect star for situation A may turn out to be a wash-out in situation B, and vice versa.
Robert Pozen: Let's Get Real About 9-9-9
This country needs a serious discussion about the tax code. I am thankful that Herman Cain has initiated this discussion, but 9-9-9 is not the solution we need.
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