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Will the Proposed Banking Settlement Have Unintended Consequences?

Harvard Business Review

The CFPB's estimate would serve as the empirical basis for a penalty to be paid by Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial to settle allegations of wrongful foreclosures. The CFPB estimates that banks saved 75 basis points per loan in special servicing costs by foreclosing instead of modifying loans.

Banking 13
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The Skills Gap That's Slowing Down Your Career

Harvard Business Review

For example, I know a bank executive who had twenty years of great community banking experience, but no bachelor's degree. When his institution was bought out, no other bank would even consider him for a job. In fact, in recent years all careers have seen an escalation in the credentials needed to succeed.

Career 8