The hotline. Could you give us a sense, director, a ballpark figure is fine, about how many of those complaints were resolved to the Consumers Satisfaction . And how much consumers have recovered financially through this process. Yeah. And ill say the arc of Consumer Complaints continues to increase in terms of volume. I believe thats a function of theres still a lot of lack of visibility. People dont necessarily know what the cfpb is and will know over time, i hope. I hope theyll see that were providing value to them. Thats what we aim to do. I think we had Something Like 700 and some credit card complaints in our first month, and were up to about 25,000 complaints per month across the entire range of Financial Services. What happens then is we give the consumer a chance to tell us whether they were satisfied with the resolution of their complaint or, if not, what they continue to be concerned about. And we then prioritize issues for further investigation or perhaps enforcement action
Closing at 4,218. This as investors fear further crackdown from regulators who are tighten irthing grip on beijings soaring markets. It was very toll avial and the emphasis of course was on the Greater China markets. Yes, we saw that action by the authorities in beijing over the weekend with a rrr and they cut it more aggressively than most in the market did expect. 100 basis points and the aim here is to encourage credit growth, to encourage bampings to to get liquidity going. Initially we did see a positive reaction. We saw china stocks up by 1 . They did reverse course and as you pointed out, down by 1. 6 at the close. Lets net forget as well that the authorities in beijing, the securities regulators are trying to take the steam out of the market rally. They clamped down on margin financing. Lets not forget this very staggering statistic, we have now surpassed the 1 trillion yuan mark. It could be a brutal one if it is corrected. That is probably the overriding factor here. That is
To hold back . That is the debate that is going on. Chair yellen said, for the largest institutions, we may require more capital or reserve for cushion in the future if we have continuing concerns about Systematic Risk to these large organizations. She signaled they would be amped up even higher. Our members are concerned if you go too far what youre going to do is put them at a competitive disadvantage against other banks that do not have that high of a requirement. It is also going to stifle lending which is going to keep the economy moving in a positive direction, particularly when it is still fragile. With all the rules in place, do you think they are reaching a point where the concern will , about too big to fail banks, who will be rescued by the government no matter what happens to them are we reaching a point where regulators are not as fearful about that . I think the regulators i do not want to speak for them, but if you look at the Public Comments and summarize them, they say
(The Center Square) – The trippiest bill of the legislative session just made its way out of the Arizona State Senate Committee on Health and Human Services unanimously.
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