Move along now, no data here.

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

Mick Mulvaney, the acting head of the Consumer Financial Protection Bureau (CFPB), told bankers that he is not required to post data on banking institutions that violate the rules or receive significant complaints. Questions: 1. Do you agree with the removal of these types of data from the government websites? Why or why not? 2…. Read more »

If you have no credit score, is that a good thing?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

According to the New York Times, about 45 million Americans lack traditional credit files. Now the federal government is investigating whether alternative credit scoring models could bring more of these consumers into the financial mainstream. Questions: 1. Which agency of the government is interested in the phenomenon of using alternative credit data? 2. Who created… Read more »

$35 here, $35 there and it all adds up!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

While strict rules require account holders to affirmatively opt into banking overdraft protection plans, a U.S. subsidiary of the Spanish banking giant, Santander Bank, which acquired Boston-based Sovereign Bank in 2009, crossed the line. Questions: 1. Briefly summarize what the bank did? 2. Who is the Consumer Financial Protection Bureau and what was their role… Read more »