BankThink

While computers may have bested humans in chess and mutual fund management, loan underwriting is one area where men can still beat machines.

JPM's Dimon Says Bigger Is Better; Embattled Dodd-Frank

Organizations may be being misled about their security risk exposure, and are in serious danger of becoming victims of a security breach, which has become a major problem for merchants and payment companies.

EMV cards are moving payments security in the right direction. But if hackers tamper with the hardware or associated software on merchants' EMV-enabled equipment, they can silently spirit off customer data.

Small banks aren't disappearing-they're just getting bigger. Meanwhile, their large competitors are exiting business lines and selling off units. These changes suggest that regulators would be better off issuing rules based on lenders' level of complexity, relieving institutions that operate by a core banking model of unnecessary burdens.

Ocwen Tangles with California Regulators; MetLife's Got Chutzpah

It’s taken the U.S. years to embrace, but the migration to Chip and PIN payment technology and its associated “liability shift” will finally happen in 2015.

The CFPB should receive its funding from Congress rather than the Federal Reserve in order to increase its accountability. Lawmakers should also take steps to limit the power accorded to the agency's director.

Banks can be compliant with cybersecurity guidelines and still remain vulnerable to massive liabilities. One case in point: many financial institutions carry mandatory insurance policies that could leave them on the hook for six-figure losses from corporate account takeovers.

MetLife Sues Over Too Big to Fail Label; Chalk One Up for Warren