BankThink

It's difficult to identify the victims of money laundering, other than the bank shareholders that must expend millions of dollars for the proactive compliance required as the state's deputized enforcers.

Developers should consider incorporating rewards and other tools such as receipt tracking in new mobile payment applications to promote broad adoption.

Receiving Wide Coverage ...HSBC Earnings: HSBC's first quarter earnings almost doubled year over year, with pre-tax profit rising to $8.4 billion compared with $4.3 billion during the same period in 2012. The increase is attributed largely to all that cost-cutting the bank has been doing and a decline in bad debts. Expect the cost-cutting efforts to continue. Per the FT, "the bank is expected to close or sell a further eight to 10 businesses this year and next, in addition to the 49 already divested since 2011." Wall Street Journal, New York Times

The federal government is now even more involved in the design, pricing, allocation and servicing of home mortgage credit than during the subprime lending debacle. Current proposals that call for government involvement would further entrench this situation.

When experiments in lending are properly organized and priced, they can be successful for borrowers and lenders of all income groups, even in tough times.

Frank J. Diekmann gives highlights and insights from CO-OP's THINK 13.

Peter Duffy, managing director with Sandler O'Neill + Partners, explains the Great Divide and how it hurts credit unions.

Michael E. Fryzel talks why community outreach is the credit union philosophy in action.

Patty Graves, director of risk management services with the Paragon Group, gives reasons to implement ERM and explains the steps to take to get started.

Matthew Sirlin, Supervisory Committee Member with Xcel FCU, discusses National Credit Union Youth Week.