PayThink

A lawsuit brought by a group of retail associations and retailers against the Board of Governors of the Federal Reserve System asks the courts to find the board's rules to implement the debit card swipe fee requirements of the Durbin amendment to be "arbitrary, capricious and an abuse of discretion."

If manipulation of the interest rate benchmark inadvertently benefited borrowers, someone else had to pay the price.

One day Ed, CEO of the local community bank, was in his office waiting for the start of the most dispirited board meeting in his bank’s 100-plus year history. As he waited, Ed began reminiscing about his first day at the bank, when he began working as an office boy at age twelve.

Why did PricewaterhouseCoopers allow MF Global financial statements to be issued with a clean audit opinion? Why wasn't there a "going concern" warning?

It was a scene begging to be turned into a Christopher Guest script (remember, "Best in Show" and "A Mighty Wind?"): A film crew sets up last week and prepares for a shoot around the Foley Square area of lower Manhattan.

California has created an eCrime Unit to investigate identity theft and other cybercrimes, Kamala Harris, the state's attorney general, announced Tuesday.

The Office of Financial Research, established by the Dodd-Frank Act to help regulators identify and thwart systemic risk events, faces a daunting task.

Despite recent sweet talk about building better relationships and regaining trust, few banks are taking meaningful steps to do either. It will take more than sympathetic ads, friendlier tellers or bonus credit card miles. This may require some time in therapy.

The G-20 held its summit in Cannes on managing risk in the global economy in early November. The group of heads of state covered the broad policy and political issues, financial ministers spoke on the difficulty of legislating rules and preventing unintended consequences.

Google removed 22 malicious apps from Android Market, its smartphone app store since last week — and has removed over 100 such apps this year.