Office of the Comptroller of the Currency

In this paper the topics about ethics and privacy are going to be the main topics of discussion. Two businesses are going to be used in order to give examples about ethics and privacy. The bank Wells Fargo is going to be used to explained bad ethics and bad privacy. Wells Fargo has failed the code of ethics, and also violated their costumer’s privacy, because they used information that should have been used without the customer’s consent. The company Nike is going to be used to represent good…

In 1830, after the collapse of Grand Colombia Venezuela along with Ecuador and Colombia were formed. Venezuela is located on the northern coast of South America. It has an area of 352,144 square miles and is bordered by Guyana to the East, Brazil to the South, Colombia to the West, and the Atlantic Ocean and Caribbean Sea to the north. Venezuela is divided into four major environmental regions the coastal zone, the Andean mountain range, the plains, and the Guiana Highlands. The capital…

For over a hundred years, Wells Fargo has been a lead provider of both personal and business banking. Financial services including insurance, credit cards, mortgage and investments are offered through the company. According to the 2015 Wells Fargo CSR plan, two of their core principles include putting customers first and valuing their team members. However, in 2011, allegations against Wells Fargo began to accumulate that employees were reportedly opening fraudulent accounts and credit cards…

1.How did JP Morgan find itself in this position? Develop a timeline of events from 2011 to the summer of 2012. 2011 Mid of year Net exposure in the SCP increased from $-4 billion notional to $42 billion End of year Keep increasing to $51 billion; Also CIO produce $400 million in revenues from the bankruptcy of American Airlines. Close of year Senior bank management mandated the CIO to reduce exposure in their portfolio 2012 January The team started reducing their Risk Weighted Asset…

a promising alternative for short-term loans with smaller annual interest rates. The CFPB is looking at processes that would allow banks to offer installment loans with smaller payments and be less costly to service them. But The Office of the Comptroller of the Currency could require banks to conduct full underwriting and that would cause these short term loans to be very expensive and interest rates would be as high as payday loans (Barth & Jahera, 2016). Research done by Pew Charitable…

In late 2007 until mid-2009 there was the Great Recession. This Recession was the longest Recession since World War II. Some of the most notable impacts of the recession are that the Gross Domestic Product (GDP) dropped 4.3 percent, the unemployment rate was the highest at 10 in October 2009 (2). The Recession had not only effected the GDP and the unemployment rate, it had also effected the S&P 500 which had dropped almost sixty percent from its high in 2007 until March of 2009. As the financial…

These agencies and their “varying rules and standards led to certain entities not being regulated at all, with others subject to less oversight than their peer financial firms organized under different charters” (Morrison & Foerster, 2010, p. 6). After the financial crisis, analysts pointed to the “many regulatory failures” and gaps in oversight as the reason unethical and illegal practices were overlooked or ignored (Madrick, 2010, para. 3). As a result, the provisions set out by…