BankThink

For ex-bankers like Ruth Porat, who is leaving Morgan Stanley for Google, free-flowing cash and a sunnier climate are only part of Silicon Valley’s allure, industry observers note. The tech sector is also mercifully light on regulation.

Social media data offers banks a vast, relatively untapped source of insights about everything from marketing to identifying new customers, talent and potential risk management issues. The key is assembling a team that knows how to mine social media for information.

This is the final installment in a series of op-eds by veteran CU advocate — and former CFPB official — Cliff Rosenthal on how credit unions can develop a better relationship with CFPB.

The CFPB's complaint portal will only be helpful to consumers if the agency takes the time to verify or contextualize their concerns.

Is Silicon Valley Winning the Battle for Talent?

The traditional bank model for small business lending is broken. As a result, technology-enabled alternatives have gained momentum over the past couple years to provide small business owners with loan options that better suit their needs.

The ruling means that customers could be at risk for not reviewing bank statements carefully and then failing to notify their bank of an error in a timely manner.

Three major credit agencies are overhauling the way they resolve disputes and report unpaid medical debt. That’s a good start, but the best way to wipe out credit-reporting errors is to encourage Americans to review them regularly.

Foreign Banks' Living Wills Get Thumbs Down; NYSE May Delist Ocwen

The mash-up of existing technologies into new solutions (i.e. innovation) is something we are seeing a lot in the financial sector, particularly within the payments ecosystem.