PayThink

The MF Global collapse provides an important lesson concerning the effectiveness of the principal or proprietary banking model.

Ninety-four people are accused of committing as much as $1 million in fraud on TD Bank, though individually they received just a few hundred dollars and some McDonald's food.

The Financial Stability Oversight Council, the newest, largest, and surely the most unusual multi-member agency ever to be created by Congress, has begun its work. Comprised of ten voting members — the secretary of the Treasury, the chairman of the Federal Reserve Board, the heads of the independent financial regulatory agencies, and a presidential appointee with insurance expertise — and five "advisory" nonvoting members, the FSOC has been given the mission, broadly stated, of protecting the financial stability of the United States.

Four reasons Verizon's smackdown of Google Wallet is bad for banks and consumers.

A Brooklyn resident's role in a plan to commit card fraud at multiple casinos may sound like the plot of an Ocean's Eleven movie, but the details are far more mundane.

Back in May of 2007 my company started working on a documentary, "Foreclosure Diaries," detailing a crisis that was only beginning to make itself felt. We spent time in what was then the epicenter of the foreclosure crisis; a devastated neighborhood in Cleveland known as Slavic Village. Stripped bare of habitable housing, this once bustling blue collar area was an eerie tableaux of vacant, ramshackle homes; allowed to deteriorate by outside investors who had bought and sold foreclosures, en masse, aiming to profit from a quick flip to other sets of investors; all to feed the endless appetite of Wall Street's securitization magog.

Part of the reason RSA Security fell victim to a security breach this year is that it was using an older version of Microsoft's Windows, according to a security researcher.

Ryan Gilbert's recent BankThink article "Give Nonbanks a Nationwide Reach" is part of a massive lobbying campaign by major payday lenders and others to sway Congress to pass H.R. 1909.

Doing something — anything — quickly but poorly is no substitute for taking the time to do what needs to be done well.

After multiple prominent online video game services disclosed payment-data breaches this year, one game vendor decided to commit to never storing that data in the first place.