BankThink

There's no tech solution in the world that can prevent cybersecurity attacks. To mitigate risks, however, banks can apply four controls after they first determine their risk tolerances.

The revelations at Wells Fargo are reminder to directors that when a bank's performance is too good to be true, it likely is.

Receiving Wide Coverage ...Too much pressure: Wells Fargo's sales culture "rooted itself so deeply … that it eventually spiraled out of control," the Wall Street Journal reports. "Questionable sales tactics … were an open secret in Wells Fargo branches across the country," according to interviews the paper conducted with more than three dozen current and former employees, from area presidents down to tellers. "Many branch managers routinely monitored employees' progress toward meeting sales goals, sometimes hourly, and sales numbers at the branch level were reported to higher-ranking managers as many as seven times a day. Tension about how to meet the sales targets was common."

Here's why credit unions cannot afford to sit back and wait until after the election to lobby lawmakers.

Visa and Mastercard have both entered into partnerships with PayPal, turning a new page following a long history of competition

Mixed messaging on fin tech doesn't just emanate from the halls of Congress. It can also be found at the regulatory level as well.

We can all agree that financial education is one of the most significant and impactful ways that credit unions set themselves apart from other financial institutions.

We are all happy to see low unemployment numbers, but it also puts human resources in the spotlight when it comes to recruitment, retention.

Unlike Wells Fargo's unauthorized account openings, concerns in 2003 about banks discounting rates on loans in exchange for customers buying investment-banking products were less about consumer protection than the potential harm to credit quality and competition.

Receiving Wide Coverage ...Opening bid: The Justice Department has proposed that Deutsche Bank pay $14 billion to settle a series of mortgage-backed securities investigations dating back to the financial crisis, "a number that would rank among the largest of what other banks have paid to resolve similar claims and is well above what investors have been expecting," the Wall Street Journal reported. The figure is preliminary, and it's unclear how much of that proposed amount would be paid in cash and how much might be in consumer relief. Regardless, the bank said it "has no intent to settle these potential civil claims anywhere near the number cited. The negotiations are only just beginning," adding that it expects to settle at a "materially lower" amount.