BankThink

In response to Edwin Mierzwinski of U.S. Public Interest Group and his statement that the Durbin Amendment will have a beneficial impact on consumers, what this gentleman does not understand fully is that credit unions in general have not raised other fees in many years, and that we live on a much smaller income than the giant credit card issuers.

The ability to successfully implement a multi-channel marketing communication strategy will most likely be the single biggest challenge-and opportunity-for credit unions over the next few years.

Har-Co, which last month announced plans to convert to a bank, was founded in 1955 to serve school employees in Harford County, Maryland. Here's hoping that for them the lesson won't come after the test.

It seems to me that when someone agrees to do a job for a certain salary, the rewards for doing the job well are that the person is paid and he gets to keep the job.

A merger is like most financial decisions, especially if valuations resemble Three-Card Monte; when they do, emotions tend to play a much larger role than most of us would like to acknowledge.

What if we created solutions that members would want to adopt and use, instead of more hoops for them to jump through?

A reader poll on the effects of the debit interchange cap galvanized both sides of the argument, sparking 10 times American Banker's average response and even a rallying cry over Twitter from the Independent Community Bankers of America.

Servicers call the 27-page proposal unfair and impractical. It's hard to see them convincing regulators of the former, but the latter objection is harder to dismiss out of hand.

WASHINGTON — Richard Fisher, the president of the Federal Reserve Bank of Dallas, is known for using colorful analogies in his speeches, but he may have reached a new high — or low, depending on your point of view — by comparing Congress to Lindsay Lohan, whose problems with drugs are well known and who was recently charged with shoplifting.

From the reporter's notebook following CUNA's Governmental Affairs Conference (GAC) last week, and appearing in order reflective of a cluttered mind.