BankThink

Amex Fee Deal Blows Up; Jeb Bush on Wall Street

Looking at the majority of recent articles around the launch of Apple Pay in the UK, you’d be forgiven for thinking that the most exciting aspect of Apple Pay is its harnessing of Near Field Communication (NFC) technology.

It's been nearly a century since reformers and lenders agreed on 36% as a small-dollar loan ceiling. Inflation has since swelled production costs, and lending under this cap is no longer profitable. The result: fewer options for consumers.

To Catch a Money Launderer; Promontory vs. New York Regulators

Many online small-business lenders worry that future regulations could stymie innovation in this fast-growing industry. But well-designed requirements would simply ensure that online lenders can offer adequate borrower protections without giving up market share.

The House of Representatives has already passed two strong bills (the Protecting Cyber Networks Act and the National Cybersecurity Protection Advancement Act). We are now urging the Senate to take up and pass the Cybersecurity Information Sharing Act (S. 754) as soon as possible.

The CFPB's long-term reputation — and perhaps Dodd-Frank's overall success — may well be judged on whether the bureau moves beyond areas where it was specifically instructed to take action and exercises broader authority granted to it by Congress.

Payment system transformation has become a pressing need for banks today. The rate at which this is happening is largely controlled by the conflict between rapid technological shifts and the barriers to product acceptance.

HSBC Sells Brazil Unit; Former Mt. Gox CEO Arrested

The ability to browse limitless shops and purchase goods and services from almost anywhere in the world has revolutionized commerce.