BankThink

Most executives are keenly aware of the hardships customers face, but do they realize that many of their workers are also living paycheck to paycheck?

A handful of snafus, some a decade old, shouldn’t tar an entire line of payment products that are a lifeline for many consumers and have helped millions of Americans access and manage their finances during the COVID-19 pandemic.

Jean-Yves Fillion, CEO of BNP Paribas USA, talks with Chip Barnett about the bank’s continuing initiatives in sustainable finance and how it leverages its global sponsorship of tennis to further its advocacy of environmental issues, social equity and community responsibility. Taped live at the BNP Paribas 2022 Open in Indian Wells California. (20 minutes)

A growing chorus of voices seems to share the view of former New York banking regulator Maria Vullo, who once said, “Toddlers play in sandboxes. Adults play by the rules.” But any movement away from the collaborative development of regulations for new financial services products would be a setback for consumer choice.

The board’s original three-member structure was superior to the five-person model in use today. Here's why it should be reinstated.

BNPL providers earn most of their money from their merchant partnerships, not late fees, as their critics claim.

Meghji only made it a year as chief innovation officer at the Federal Deposit Insurance Corp. before leaving in recent weeks. He describes the obstacles to new ideas within federal banking agencies and banking itself.

Under procedural changes recently adopted by the Consumer Financial Protection Bureau, the director could pursue more enforcement actions administratively without federal court approval. Financial firms may have a harder time defending themselves as a result.

A supervisory letter detailing their failings in assessing exposure to a collapsed hedge fund suggests that the Federal Reserve believes banks are falling short in basic risk management.

The data from these transactions could help millions of borrowers with thin or nonexistent credit files. But how the credit reporting industry collects and treats the data may matter more than the data itself.