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Cory’s Chart Corner
Wow...RBC trying hard to obfuscate an 8x growth in loan losses with candy for the kiddies, buybacks and dividend hike. Morning other Danielle...
h/t @DiMartinoBoothDanielle DiMartino Booth @DiMartinoBoothBattening down the hatches with an eight-fold hike in loan loss provisions north of the border:
@RBC provisions for performing loans totaled C$568 million in the second quarter, up from C$68 million in the first three months of the fiscal year.
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Daily Archives: March 12, 2019
CFPB working well for law-abusing lenders
Further to my post The indefensible predatory business of payday loans, US Senate hearings today on the record of the Consumer Financial Protection Bureau since lender-friendly directors, appointed by the Trump admin, began running the agency speaks volumes. The @CFPB … Continue reading
The push back from smartphones and return of attentive humans
The Canadian Press is reporting today that Ontario will issue a directive this week to ban cell phone use in public school classrooms starting in the 2019-20 school year. This is a positive development in the quest to replace smartphones … Continue reading
The indefensible predatory business of payday loans
The Consumer Financial Protection Bureau (CFPB) is a US government agency that was founded in 2011 with the laudable mandate of making sure banks, lenders, and other financial companies treat consumers fairly. In practice, however, it has been infiltrated and … Continue reading