Promoting Financial Stability: Creating Opportunity for the Underserved While Growing Your Customer Base

By Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation

While individuals of all ages, incomes, and educational levels often lack the basic financial knowledge and skills to ensure long-term stability for themselves and their families, this is particularly true for low- to moderate-income populations. In fact, it sometimes seems as if the market is divided into two groups: wealthier consumers who rely on financial institutions for virtually cost-free, basic services and those with lower and moderate incomes who pay considerably higher amounts for the same service levels. More >





Beyond Hobson's Choice: Match Funding Loans without Prepayment Penalties

You’ve been there before. It’s 5:00 on a Friday afternoon. Your top-producing loan officer has some good news and bad news. A longstanding “A” credit, the owner of several fully occupied commercial buildings, would like to refinance his portfolio with a new, five-year, fixed-rate facility. The bad news: The borrower has been approached by your arch-rival who is offering a competitive structure that does not require a prepayment penalty. More >

  
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