PayThink

Today, the global financial reform agenda is increasingly targeted toward reducing the size, scope and systemic risk posed by large institutions. However, it appears to be the consensus that breaking them up is either politically or economically unwise.

The Defense Department is offering a year of credit monitoring to the nearly 5 million people affected by a data breach in September.

The Hacktivist group Anonymous, which has been linked to various attacks and exposures against financial companies, law enforcement agencies and other entities, exposed the personal information of several people as part of its celebration two holidays this past weekend.

A risk-based fraud detection and authentication system allows institutions to make customer relationship and transactional decisions based not on a handful of rules or conditions in isolation, but on a holistic view of a member's identity and predicted likelihood of associated identity-related fraud.

Why are the simple things so complex? We've come to live in a world where "a click away" might as well be "a mile away." It's basic Web Retailing 101 stuff, yet so many still can't seem to get it right.

Wow! NCUA getting scolded by the likes of JP Morgan in the tone of an adult to a child-and then, by their own "no comment" policy, not being able to respond. Now that's got to burn.

I seldom hear "experts" talk about the substantive elements that contribute to the mystical FICO. Perhaps we should talk to our members; ask them some questions as opposed to making decisions based on one sacred metric.

A case that began when two people bought "free" cell phones and eventually led all the way to the Supreme Court has resulted in a decision that will provide some degree of protection to credit unions in civil litigation.

We've already seen Occupy Foreclosures. How about Occupy The Wall Street Journal, Occupy Fox News or Occupy PBS?

Banks with thousands and tens of thousands of employees shudder when dozens or hundreds of demonstrators display their resentment of "Wall Street" and when surveys show that lots consumers dislike or blame banks. Then articles blossom, telling us how to convince employees that they should not be ashamed of being bankers.