Bank Regulation

Bank Regulation - banks expect of them With everyone...

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Darryl Williams Dr. Fulgham ECO 212-01 30 September 2010 Bank Regulation Obama’s financial, Elizabeth Warren, adviser spoke to banks about what she thinks they can do to help the economy. First, she thinks that banks need to make credit card contracts “fairer and easier to understand.” Apparently, most people end up in debt because they do not completely understand the hidden fees that are affiliated with credit card payments. She claims that consumers will make better choices on what they buy if they understand exactly what the
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Unformatted text preview: banks expect of them. With everyone spending money wisely, competition between businesses will also improve, because prices will correlate with quality rather than quantity or popularity. Warren warns the banks that if they will not cooperate with these new regulations then the regulations will be passed without the consideration of the banks....
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