PHH/CFPB Battle to be Long and Arduous; PrimeLending and Mutual of Omaha’s JV

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Posted To: Pipeline Press

I found this article particularly enticing considering the change in banking/regulatory models over the last few years, and the downside risk for anyone with a “The Buck Stops Here” plaque on their desk. Stephen Morris and Ambereen Choudhury write, “London’s banks that were once among the most coveted employers in the global financial system are struggling to fill top roles because potential penalties are seen to outweigh the perks….Bankers are concerned about regulations that could see executives thrown in jail for failing to spot serious misconduct on their watch, which has shifted the City of London’s reputation from a light-touch Babylon to a risky place to work. Combined with British politicians’ desire to name and shame, an unforgiving press and diminishing cash compensation, the nation…(read more)

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