BankThink

As credit unions offer online and mobile banking, their members are citing the quality, reliability and solid performance of these services. More credit unions should get on board.

This letter was written in response to SAFE CU CEO Henry Wirz' letter to the editor that ran under the headline "Credit Union Testimony Was Delusional" in the Sept. 17 edition.

The loss of U.S. Central marks the end of an important era in our nation's credit union movement.

The credit union movement is based on the principle of democratic governance by members. It is a wonderful melding of free enterprise and the ideals that underpin our democracy. But that was not evident in the Technology CU conversion.

Breaking News This Morning ...Earnings: Citigroup

The complexity of Basel III is irrelevant to 90% of U.S. banks and should not be imposed on them. If rejecting the rules altogether is not considered politically feasible, a sensible alternative would be to simply exempt all community banks from its requirements.

The Consumer Financial Protection Bureau has attempted to reassure lenders that their attorney-client privilege will be protected in any information turned over to the agency. But lender and their lawyers are not convinced.

After being the first bank penalized by the Consumer Financial Protection Bureau, Capital One will be facing a challenge to make sure the integration its recent acquisitions, HSCB's credit card portfolio and ING Direct, doesn't trip the CFPB's concerns.

It is only natural that a business unit will not want to disturb an established, profitable relationship. But that is how risk enters a business, making the whole firm vulnerable to financial crimes or regulatory violations.

Liability insurance companies generally argue allowing banks to receive insurance coverage for overdraft litigation settlements violates public policy and rewards supposed wrongdoing, but there typically is no explicit exclusion in a policy that justifies this and other go-to positions.