PayThink

Perversely, the proposed compliance framework presumes that a banking entity has violated the Volcker Rule unless the entity can prove otherwise.

Competition between Amex, Discover, MasterCard, PayPal and Visa is fierce and intensifying. What would Facebook's angle be if it aspired to build a broader payments business?

Congress has begun to consider ways to enhance the ombudsman programs at the federal financial regulatory agencies. These programs are an especially important part of the regulatory process, and are deserving of thoughtful ways to increase their efficacy.

On what basis do the MMFs think that they are entitled to run a multi-trillion dollar business, in this day and age, without any capital to stand behind any mistakes they may make?

The Obama administration's reasons for charging banks $61 billion are disingenuous and transparently political. The tax has nothing to do with recouping Tarp costs or making the system safer.

The housing market continues to suffer from a painful and prolonged hangover commensurate with its worst binge in U.S. history and many politicians and Fed officials are anxious for a housing rebound to pull the rest of the economy along.

Rather than wait for government or plaintiff lawyers to find them, banks that were involved in the syndication of mortgage backed securities should control their exposure through a proactive, rigorous self-study program.

Fees for closing an account within a few months of opening it shouldn’t be lumped in with truly abusive industry practices.

With the recess appointment of the director of the Consumer Financial Protection Bureau, the agency is becoming even more active and issues are coming into focus. Financial institutions subject to its jurisdiction should pay attention to its Supervision and Examination Manual published in late 2011.

Those $1,500-$2,500 checks being sent to foreclosed-upon borrowers wouldn't cover Jamie Dimon's travel expenses to Davos.