Quotations

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Fritz Elmendorf Quotes

«The key to attracting small businesses is to give them as many different services as possible. Because today if one bank won't do that, another will.»
«Banking was never free because consumers were not getting a market rate on their savings and were paying a lot more for loans.»
«Give some careful thought to how much money you can have in that account. With yields as low as they are, it might not be your best option.»
«There's likely to be a charge when you use this service, but it's less than the $25 bounce check fee.»
«Small banks come out with an edge on pricing, but what is not measured is the convenience factor.»
«A lot of consumer advocates say you shouldn't put your home at stake, and that's advice worth considering. But using your home gives you access to credit that's cheaper than other sources.»
«You'll pay more for it, but it still should be less than your credit-card rate.»
«People have to think realistically, and I think the economy is pretty sobering right now, and people should consider their financial moves very soberly. Part of that is getting in less debt.»
«I don't accept the charge that banks have just removed all barriers and are going full blast to send cards to anybody. There is actually evidence that banks have tightened [their requirements] in some ways.»
«The larger banks are seeing a lot of market share in this area, but the larger credit unions and the ones being run by ex-bankers are setting up arrangements where a non-member can finance a car right at the dealership just by signing up to be a member.»

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