Footnote 2: The Chairman’s concern grew up into the context of a incoming letter from a quantity of customer advocacy teams. This page, as well as comparable communication last year, indicated concern that RALs harmed consumers. End of footnote

Footnote 2: The Chairman’s concern grew up into the context of a incoming letter from a quantity of customer advocacy teams. This page, as well as comparable communication last year, indicated concern that RALs harmed consumers. End of footnote

RALs had been, and stay, appropriate tasks, but finally had been seen by the FDIC as high-risk towards the banks and possibly bad for customers.

3 As talked about within our report, the FDIC’s articulated rationale for needing banking institutions to leave RALs morphed as time passes. The choice to cause banks that are FDIC-supervised leave RALs was implemented by specific Division Directors, the Chicago Regional Director, and their subordinates, and sustained by all the FDIC’s Inside Directors. Continue reading “Footnote 2: The Chairman’s concern grew up into the context of a incoming letter from a quantity of customer advocacy teams. This page, as well as comparable communication last year, indicated concern that RALs harmed consumers. End of footnote”