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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.

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One Year After India Killed Off Cash, Here’s What Other Countries Should Learn from It

Harvard Business Review

To quote the person who may have been the most qualified to advise on such action, Raghuram Rajan, the widely respected former governor of India’s central bank: “As a country, you would want to ask what were the inputs that went into that decision.” A fact-based cost-benefit analysis is essential.

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If Data Is Money, Why Don’t Businesses Keep It Secure?

Harvard Business Review

Understand how regulation alters the data cost-benefit analysis. In any investment decision, understanding the potential costs and likely returns requires an intimate understanding of many factors — not least the local regulatory environment. Startups in particular are emerging to tackle this problem.