BankThink

LendingClub's Burned Investors; Swift Hack Victim ID'd

Transaction laundering is an increasingly popular scam, in which cyber-criminals hijack the legitimate payment process to sell all manner of illicit goods and services online.

The speculation is that Maria Vullo, who is waiting to be confirmed as New York's new banking superintendent, is less interested in being on the 6 o'clock news than Ben Lawsky was. A study shows that companies sap women of ambition to advance within two years, an effect that doesn't happen with men in part because they tend to get more encouragement. But is it any wonder women feel that way when — even now, it appears — they might get fired for refusing to wear high heels at work? Also, Sallie Krawcheck, Sheila Bair and Elizabeth Warren.

The Office of the Comptroller of the Currency's recent white paper is a great first step in promoting innovative collaboration between banks and fintech, but companies need clearer guidelines on what regulators expect of them.

Oddly enough, the quickest way to explain the credit union difference is also the quickest way to render a credit union unable to fulfill its mission.

The $1.7 billion credit union is shattering the idea that only small to mid-size credit unions have something to gain from becoming a CDFI.

Understanding what your members need and how you can meet those needs is vital, but equally important is learning how to educate members about all the ways the CU can improve their lives.

The pervasiveness of consumers' credit problems highlights why the Consumer Financial Protection Bureau's upcoming short-term lending rules should avoid unintended consequences.

Cyberthieves Use Swift; HSBC Says No to Iran

We all know bitcoin as an edgy and anonymous cryptocurrency. It provokes strong opinions. Department of Justice officials reference it in connection with real-life crimes, just as made-up bad guys reference it in movies.