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The Basel III Fallacy 25 Jul 2012 | 10:17 pm
I never subscribed to pessimistic theories that bank regulators were out to rid this world of community banks. After all, if there were no community banks, there would be no need for regulators since...
It Looks Like TAG Is a Win-Win 29 Jun 2012 | 11:38 am
If unlimited FDIC protection for non-interest-bearing accounts is so good for the biggest American banks, then why is the American Bankers Association silent on the need for the program to be extended...
Lies, Damned Lies, and Statistics 8 May 2012 | 04:27 am
by Shannon Phillips, Deputy General Counsel, Independent Bankers Association of Texas There are three kinds of lies: lies, damned lies, and statistics. The origin of this phrase is questionable, but...
Heed the Warning of the Dallas Federal Reserve 10 Apr 2012 | 01:26 am
Too-Big-To-Fail Banks are a Clear and Present Danger to the US Economy The annual report recently issued by the Federal Reserve Bank of Dallas was different than the usual, matter-of-fact reports we ...
A Warning to Small Credit Unions 22 Feb 2012 | 03:00 am
One has to admire the tenacity of the credit union lobby. Once again, a handful of very large credit unions are wearing out Congressional officials to pass legislation that will increase their busines...
The Good and Bad of a Fully Functional CFPB 18 Jan 2012 | 09:19 am
Over the past two weeks, copious amounts of ink have been spilled about President Obama’s “recess” appointment of Richard Cordray, the Director of the Consumer Financial Protection Bureau (CFPB). Alt...
Getting the ‘Right People on the Bus’ Means Throwing Big Banks Off 4 Jan 2012 | 07:31 am
In his December 20, 2011, American Banker editorial, “Community Banks Should Ask for a Divorce,” Robert H. Smith summarizes the growing frustrations of community bankers today in this way: Unfortunat...
Bank of America’s $5.00 Durbin Fee 8 Oct 2011 | 04:20 am
“You don’t have some inherent right just to, you know, get a certain amount of profit, if your customers are being mistreated,” he said. Later, he added, “this is exactly the sort of stuff that folks...
Consumers…The Real Victims of Consumer Protection 23 Aug 2011 | 07:12 am
Guest blogger Shannon Phillips, IBAT Deputy General Counsel, provides his observations in this Missing Linc post. The American University radio station, WAMU 88.5 FM, reports on its Web site that Gre...
Time To Stop Over Regulating the Innocent 16 Aug 2011 | 06:57 am
Well, I have had just about enough of “the banks aren’t lending money” crap. Everywhere I turn I read about the so-called credit crunch and small business just can’t get the resources it needs for ex...
