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Former Santander chief sees longer car loan terms as positive

CBA SmartBrief | Jul 21, 2015

Longer terms for car loans should be seen as a positive move, not a negative one, says Thomas Dundon, Santander Consumer USA's former CEO. Wages haven't kept up with rising auto costs, he said, adding that loans periods of 67 to 72 months enable consumers to purchase more reliable vehicles. "Unfortunately it seems to be painted as something bad, and I'm not sure why," he said. Bloomberg (07/20)


Discover is fined $18.5M for student-loan practices

CBA SmartBrief | Jul 23, 2015

Senate proposal would use banks' Fed dividends to fund roads

CBA SmartBrief | Jul 22, 2015

Want to be a better boss? Welcome to the matrix

CBA SmartBrief | Jul 21, 2015

Fed requires major banks to hold more capital

CBA SmartBrief | Jul 21, 2015

Citigroup settles credit card allegations for $770M

CBA SmartBrief | Jul 22, 2015

Texas lawmakers draft legislation to abolish CFPB

CBA SmartBrief | Jul 23, 2015

BofA CFO departs; wealth-management chief retires

CBA SmartBrief | Jul 23, 2015

Fees boost banks' bottom lines

CBA SmartBrief | Jul 24, 2015

Spending on college tuition spikes

CBA SmartBrief | Jul 21, 2015


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An article in Tuesday's American Banker states just three banks were closed in March 2011, the lowest monthly count since December 2008. Given the recent slow down in bank closings and the 884 banks still on the FDIC's "problem" list, how do you expect the rest of 2011 to look with regards to bank closings?

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