Spending Habit Can Tee up Another Bailout

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Two of the largest US institutions are at risk of going wobbly.  Fannie Mae lists $3 trillion and Freddie Mac lists $1.7 trillion  in securitized mortgages that they sold to banks usually with guarantees.  According to some sources, their impressive performance in recent years may be drawing to a close and their federal masters have […]

Insurance Commissioner Choses the Wrong Beneficiary

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From the dusty file rooms of Utah insurance brokerages we hear indignant squeals of discomfort. A new competitor called Zenefits rode into town offering customers a much better deal than has been seen in decades. In response, the Utah brokers tied on their guns and did what they have been taught – hunkered down behind […]

When Insurance Regulators Harm

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Human resources has always been something of an afterthought in the business world; a necessary evil. Budding businesses, startups, and small shops make up over 99% of U.S. enterprises and create more than 70% of our new jobs. But creating a small business or launching a startup comes with a hefty risk. Indeed, all too […]

ACI on Florida’s Insurance Problem

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Alan Daley has an op-ed that highlights the urgency for insurance reform in Florida.  The piece is available online in The Tallahassee Democrat.   The Calm before the Financial Storm Florida has a government-run entity called Citizens Property Insurance Corporation that was created to insure consumers and small businesses who cannot find an insurer offering […]

Expecting a Crush of Lenders for Low Down Payment Mortgages?

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The most prominent obligation for federal bank regulators – the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Controller of the Currency – is to avoid another taxpayer bailout as happened in 2008. The Troubled Asset Relief Program (TARP) infused $250 billion into banks to stabilize them.  The program was embarrassing to banks […]

Time Is On Millennials’ Side

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The Millennials are the generation born between 1983 and 2004.  The youngest is 11 and the oldest is 30 years of age.  They have experienced different cultural, technological and economic conditions in their early formative years than did predecessor generations; Generation X (Gen Xers) born during 1965 to 1982 and the Boomer generation born 1946 […]

ACI in CNBC: The Elephant in the Room this Holiday Season

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This piece, published at CNBC, discusses credit card fraud and its risks to consumers.  Surprisingly, one solution to fix this fraud, Chip and PIN technology, has been around for 15 years and used in Europe for over a decade with great success.  Maybe it is time for the U.S. to move away from its 1970s stripe […]