PayThink

A common theme running through several news items should give bankers pause on their current tactics for arriving at a new regulatory world.

Banks are already in the thrall of a new business model even worse than the utility one: the industry is frozen solid in fear both of relentless credit risk and remorseless regulatory requirements.

There is no doubt that credit unions will see some type of uptick in membership as the result of negative press surrounding the bank fees being handed out like punishments in the wake of the Durbin Amendment's rules, but unless that 80/20 rule (which is often closer to 90/10) has been suspended, a lot of those new members aren't going to be the type who put the "cooperate" in the co-op.

Credit unions have experienced an explosion in severe cyber attacks this year. Here are some tips to help your CU avoid becoming victimized.

Bank employees were among the 111 people charged — 86 of which are in custody today — in an alleged international identity theft ring based in Queens, N.Y.

Congress recently heard conflicting testimony from three professors and one think tank fellow on a simple, straightforward question: Should there be a guarantee for mortgage securities in the future?

I was at a summit with 300 other community bankers when we were startled by chants of "Make Banks Pay!" Occupy Wall Street and related groups see no solutions coming out of Washington they are attacking bankers as public enemy #1.

A suspected card thief in Ohio was caught when he allegedly used a stolen card with his personal loyalty card to buy gas.

Right now, every customer who uses a debit card could be using a credit card instead. And each one could also share in the increased interchange income.

Regulators' consent orders let mortgage servicers select the firms to review their actions. Allowing the banks to choose their own judge, jury, and jailer presents almost untenable conflicts of interest.