BankThink

Chuck Bruen, CEO of First Entertainment CU, Hollywood, Calif., shared with readers of Credit Union Journal a comment letter sent to NCUA.

The early adopters in financial services have made their move and proven the viability of mobile banking. It is time for the rest of the credit unions to follow suit. If they don't, they risk losing relevance, and losing members.

I just don't get it. Why is the White House floating Raj Date, one of Elizabeth Warren's top lieutenants at the Consumer Financial Protection Bureau, as the agency's potential director? Don't get me wrong, Date is eminently qualified for the job. A former banker and financial analyst, Date no doubt has the chops for the post. What I don't understand is the political motivations behind floating his name at all.

The Small Business Lending Fund will not provide the boost to economic activity hoped for when it was enacted. Banks have again had the rug pulled out from under them.

Painful consolidation is coming to community banks, and the biggest determinant of which companies will survive is the quality of senior management, particularly the chief executive.

Let's pay people what we think they're worth. Cut the management incentive travesty. Today's incentives cover a disguised escalation of what is essentially fixed pay.

Camden Fine's BankThink article, "Michaels Breach is Warning on the Durbin Amendment" misses the point. Independent analysts have found that U.S. banks are not doing enough to protect against fraud because their ability to transfer so much of those costs onto merchants doesn't leave them with the right incentives.

Re: "Four Big Myths About the CFPB and Its Powers," June 2. If anything (unfortunately) your excellent article merely confirms the enormous power of the CFPB and the head of the Agency. You are assuming that the rule making going on will be benign in all instances and that Congress will be able to exercise some degree of control over the thousands of pages of rule making and that "public comment" will curtail any attemmpt by the CFPB in its rule making, to institute draconian and destructive regulations with regard to financial entities serving the public.

A brand study found that consumers would pay up to 4% more for financial products and services if they were simpler and more streamlined.

There are a myriad of marketing strategies a marketer could leverage to get the elusive Gen Y demographic to take the bait. But which one works? Well, the answer just might be right under your nose: your staff.