Marc Hochstein was the editor-in-chief of American Banker from July 2014 to September 2017. He joined the publication in 1998 as a reporter covering mortgages and steadily added responsibility over the years. At one time or another he oversaw American Banker's coverage of consumer finance, payments and community banking; the vibrant opinion blog BankThink; the wildly popular Morning Scan newsletter; and the reinvigoration of SourceMedia's mortgage publications. Marc was responsible for some of the earliest serious coverage of bitcoin anywhere and chaired SourceMedia's successful Blockchains + Digital Currencies conferences from 2014-2017.
Incentives for companies aren't the same as incentives for people. The QRM risk-retention rule doesn't solve "IBG, YBG" "I'll be gone, you'll be gone." Banks appear to have been slow to adopt clawback policies for individual lenders.