PayThink

Just because you are in the 1% does not mean you do not identify with and understand the needs of the 99%. But it does raise questions about how involved the "owners" are in the credit union's governance.

Four people allegedly broke into 200 point-of-sale systems by guessing their passwords or using software to crack the passwords.

Lars Svensson, deputy governor of Sweden's central bank recently urged the Federal Reserve to find ways to push borrowing costs lower — this even though we already have the lowest nominal interest rates in modern history.

In 1982, in the height of the first savings and loan crisis, the Federal Savings and Loan Insurance Corporation announced a new policy that would seek to hold those responsible — particularly directors and officers — for losses ultimately suffered by the FSLIC in resolving their failed institutions.

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.