BankThink

Lending Club Twist; Post-Crisis Blame Game

Advocates of free trade and fighting protectionism are more likely to focus on industries like steel and agriculture, but they should also pay attention to the payments sphere.

We need a variety of small-dollar credit products to meet a variety of consumer needs. So the Consumer Financial Protection Bureau's proposed payday plan must provide more flexibility.

Undoing Dodd Frank; Wells Fargo Makes Plans

Global trade protectionism in other countries increasingly poses an obstacle to keep the market for payments networks competitive.

Compared to the United States, other geographies have seemingly had an easier task to bring real time payments to market – simply based on their size.

Embracing technology that gives innovators access to their platforms will provide banks with the upgrade they sorely need.

The Federal Reserve has made clear that higher rates are more a question of when, not if, but banks should let go of rate hikes being anything like they were under Alan Greenspan.

Junior Banker Focus; Fintech Regulation Vacuum

To account for the heightened questioning and investigations around the Panama Papers hack, people need to “legal-up” and issuers, financial institutions and processors need to “gear-up” for expected spikes in work related to due diligence, more precise monitoring of transactions, payments and sanctions filtering, possible ad-hoc examination and possible fines.