A recent CFPB enforcement action shows that lenders must not only avoid misleading statements, but anything in connection with their advertising that may have the likelihood of significantly confusing consumers.

The Financial Stability Board’s proposed capital and long-term debt requirements would only go part of the way toward ending the risk of government bailouts. If regulators really want to get rid of too big to fail, they need to deal with over-the-counter derivatives market.

Wall Street Journal Is this the first wave of backlash to Apple Pay? Or was it simply to be expected that it was only a matter of time before hackers cracked the Apple Pay code? Either way, some banks say they've seen an increasing amount of fraud on Apple Pay devices. The weakness in the system is apparently related to the verification process associated with a user adding a credit card to the service, unnamed sources…

Correspondent banking has long relied on a costly, multistep process to settle transactions. Now banks must weigh whether to adopt cryptocurrency technology that allows for faster, cheaper settlements or risk getting pushed out of the business entirely.

Trade-based money laundering happens outside the financial system. But it can still create major issues for banks because criminals typically deposit their profits in bank accounts.

Banks have to invest in mobile technology in order to keep up with millennials. But bankers also need opportunities to rub shoulders with young customers — and small, conveniently situated branches give them an opportunity to do so.

Receiving Wide Coverage ...

Nothing But Stress: Foreign banks are stressed about the stress tests. Deutsche Bank and Santander are both expected to be called out by the Federal Reserve on Thursday, when the stress test results are announced, for lapses in risk management. Capital isn't the issue with foreign banks. Instead, it's how they measure and predict risks and losses. DB, Santander, Barclays, Credit Suisse, HSBC and UBS are "now spending heavily and recruiting project…

Lawmakers reluctant to offer community banks regulatory relief should consider the empirical evidence of how Dodd-Frank has hurt small lenders — and listen to the federal and state bank regulators calling for changes.

An overlooked issue in the plan to reform Federal Home Loan bank membership could inadvertently jeopardize the local focus of the system by allowing insurance companies to apply for membership in any of the 12 districts.

Wall Street Journal The Dodd-Frank restriction on the Federal Reserve's authority to be a lender of last resort poses a threat to financial stability, Glenn Hubbard, former chair of the Council of Economic Advisers under President George W. Bush, and Hal Scott, a Harvard Law School professor, write in an op-ed for the Wall Street Journal. Restrictions on federal guarantees for bank deposits and money market funds also contribute to the threat. The Fed's lender-of-last-resort authority…

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including Dodd-Frank's impact on small institutions, Fed chair Janet Yellen's handling of attacks on her staff and Bitcoin's public but pseudonymous ledger.

Big banks are making critical risk management decisions with data that is old, incomplete or even inaccurate. This endangers the safety of the global financial system in more ways than one.

Receiving Wide Coverage ... CIT, Censures and Selfies: Bank chiefs don't often find themselves defending their business decisions to community members in a public hearing, but then again the $3.4 billion proposed merger between CIT Group and OneWest is a pretty big deal in more ways than one. CIT chief executive John Thain and OneWest CEO Joseph Otting told a panel of banking regulators in Los Angeles Thursday that their plan to create a $70 billion…

During Congressional testimony this week, Fed Chair Janet Yellen was sharply questioned about remarks made by Fed General Counsel Scott Alvarez expressing mild concern about a provision of Dodd-Frank. Yellen didn't defend Alvarez — or note that his comments actually reflected the view of the board.

The Massachusetts senator recently argued that community banks have little need for regulatory relief. But a closer look at recent FDIC data shows that the health of small banks has taken a turn for the worse in the aftermath of Dodd-Frank.