PayThink

This year marks the 50th anniversary of CUES and it's come a long way since those early days. No one is surprised anymore that the "E" in CUES stands for executive; indeed, it's likely the opposite would be true. But that "E" has also come to represent something else: education.

Disaster preparedness is one of the most important elements of effective information systems management for a credit union of any size.

Under a recently-enacted law, Obama is to reduce Iranian oil revenue by punishing banks or other parties that make payments to Iran's central bank. Thus, the interbank payment system becomes a tool of American foreign policy.

In a recent speech at Osawatomie High School in Kansas, President Obama acknowledged that a strong and competitive financial industry is inextricably linked to a healthy economy. This is a message that we believe deserves greater attention by all policymakers, including the presidential aspirants.

The foreclosure reviews mandated by the Fed and the OCC have a better chance of helping current and future borrowers than the state attorneys general settlement, if it ever happens.

Cash and traditional cards are entrenched. Without rewards, the digital wallets are unlikely to make a dent.

One of the biggest changes in modern regulation and supervision has been the stress test and capital conservation standards developed by the Federal Reserve and required in regulation by the Dodd-Frank Act.

Richard Cordray is right to crack down on illegal practices in payday lending. It is essential that his agency also ensure consumers continue to have online access to emergency credit products.

Earlier this month, Citi announced the expansion of its popular "thankyou" program with a new Facebook app. If the number of likes (185,000 and counting) on Citi's page is any indication, it appears Citi has found a compelling way to engage its youngest and most fickle customers in the place they spend most of their digital time.

I naively thought that Suze Orman's new prepaid offering, the Approved Card, would help turn the tide of negativity. Instead, it has had the opposite effect, creating a seemingly endless echo chamber about the evils of prepaid.