Remove Banking Remove Cost-Benefit Analysis Remove Incentives Remove Uncertainty
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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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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.