Correspondent Blog

We pine for the days when banking was boring. It is not now. Right on target, the Consumer Financial Protection Bureau (CFPB) released the final version (HERE) of the much-anticipated Section 1033 rule on consumer financial data rights this week. This rule ushers in a significant change, the ramifications of which need to be considered…

If you were ever to pay attention to the consumer, the time is now. Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we all could be staring into a recession. Paying close attention to consumer…