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

Harvard Business Review

If businesses are to continue using personal data to create value for themselves and for their customers, they will need to manage it as carefully as they would money, in four key ways. Understand how regulation alters the data cost-benefit analysis. Manage brand reputation by engaging with data rating agencies.