BankThink

Mobile commerce is here and isn’t going away. We can all agree on that. And I think we can all agree that it’s the banking industry’s opportunity to lose, but to date, most banks remain very slow to take action.

The overly complex Dodd-Frank Act came about because policymakers failed to tie regulation and regulatory structure together effectively. The next step in financial reform should be to simplify — and perhaps consolidate — regulatory processes.

A government tool for unloading failed bank assets and minimizing FDIC losses may be used as a vehicle to publicly subsidize private gains in the proposed merger between CIT Group and OneWest Bank.

Fed-Goldman Sachs Revolving Door?; Commodities Update

I would encourage the CFPB to focus their energies on advancing the road to credit concept instead of focusing on how to restrict credit.

Banks need risk managers with a "show me the money" mindset — that is, people who know how to use income statements and balance sheets to sniff out risky business activities.

As digital currencies become increasingly popular in Latin American countries, partnerships between banks and Bitcoin exchanges can help expedite cross-border transfers.

More Fallout from Sanctions Violations

In my dreams, I can walk up to any cashier and make a payment by waving my hand over a terminal, much like Obi Wan Kenobi's "These aren't the droids you're looking for" trick in Star Wars. And that's all I would have to do.

A number of banks have cut ties with business lines that are seen as high-risk in an effort to dodge the threat of enforcement actions. The result is stunted job creation and innovation, not to mention customers who are denied much-needed services.