The internal spin seems to make this out as incremental kumbaya but the media makes it out as a net new enforcement headwind.
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Risk function test and sniff everyone’s ahooles while the real s dribbs out of their own
REGULATORS!!! Mount Up!
Your last sentence might be verbatim what we said to OCC. So so surprised they didn’t just drop it.
@rsl+1ut1NiEA You must be an executive. Go read the OCC report, whatever "story" you read is spin.
yeah most the time we get blamed for closing Grandma's account to protect her, i've heard that one often. Have to much protection in place and then your blamed by media. My personal view is they should just sell the company off in chunks, and layoff everyone and stop lending. Banking used to be a good business to be in, not anymore. Way to much risk for the returns.
You down with OCC?
Yeah you know me.
Who's down with OCC?
I read the story. Seems much ado about nothing to me…surprised we were the ones who got hit though. Fraud is pretty prevalent out there and I feel like we do a pretty good job.