PayThink

There's no "social mandate from heaven to make automobiles affordable for all," says columnist Andrew Kahr. Yet subprime auto has come out of the crisis unscathed. Unlike mortgage lenders, auto financiers didn't fall prey to the assumption that prices would inexorably rise.

Judge Jonathan Lippman, regulator Benjamin Lawsky and Attorney General Eric Schneiderman are standing up to an industry intent on forgetting that the foreclosure crisis affects real people, real lives and real families.

You can be certain BofA has been happy to bid good riddance to as many low-balance, single-service households as possible. A good deal of those, to whom five bucks a month means something, have shown up at credit unions' doors.

In a capitalist economy there is one market which is more important than any other — the market for capital. What can be more vital than the efficiency of the process by which the price of capital in all its various financial forms is determined — whether long or medium-term fixed-rate loans or equity?

Thieves attempted to get cash out of an ATM by filling it with explosive gas and then detonating it. Though they caused massive damage to the machine and its surroundings, they did not get any cash.

If you’re looking for lessons on risky business and recidivism, MF Global has them in spades.

Valve Corp., the company that provides the popular PC game platform Steam, disclosed Thursday that it suffered a data breach this month.

The title of Javelin Strategy & Research's blog entry today nearly says it all: "Occupy Oakland deposits $20,000 with … Wells Fargo."

In the wake of the financial meltdown of 2008, an increasingly persistent attack on money market mutual funds is underway. Present and former high government officials, academics, and some editorial writers have joined the fray, each offering their own approach for reengineering the money fund industry.

The branch banking model is outdated, and not just because many still use pneumatic tubes at the drive-through lane.