BankThink

American Banker is pleased to bring you Breaking Banks, hosted by Brett King, and featuring the editors of American Banker.

Wei Ke, a partner at consultants Simon-Kucher, discusses the psychology behind customers' choices, including the appeal of metal credit cards, the willingness to pay $450 a year for a card and the paralysis of too many options.

The same incentives structure that encouraged bad behavior at the bank can be blamed for ethical mishaps in other industries as well as the government.

The president-elect faces major questions about credit access, affordable housing, the future of Dodd-Frank, and the structure of the Consumer Financial Protection Bureau, and the extent to which he will act upon them remains unclear.

Wall Street JournalDismantling Dodd-Frank: Rather than fully repealing the Dodd-Frank act, Donald Trump's transition team is instead looking at dismembering the parts of it that "Republicans find most objectionable," according to the Wall Street Journal. One part they want to jettison is the Financial Stability Oversight Council's authority to designate large nonbanks as "systemically important." Another priority is overhauling Title II, which gives regulators the authority to take over a failing bank and liquidate it rather than bailing it out.

Evidence exists that in most markets in which public regulators oversaw EMV implementations, the results were much better for merchants and consumers.

Though the credit union regulator often takes center stage in the industry it oversees, it is rarely in the spotlight outside of CUs, but here's hoping our newly elected lawmakers take notice of the agency.

My fellow Americans, our long national nightmare is over. That's the good news. The bad news: it's time to prepare for the next one, be in in Congress or the courts.

Regulatory costs may be warranted, but neither Congress nor the executive branch assessed the cost of the Dodd-Frank Act before its enactment.

While remittances may pose higher risks than services like bill pay, they are absolutely necessary in an age of unprecedented migration. It's high time state and federal regulators update the rules to help inspire banks to re-risk.