PayThink

"Did you hear about the airplane that hit the World Trade Center?" I thought it was something of an odd time to tell a joke, because that's precisely what is sounded like the start of. "Hey, did you hear the one about the...?" I didn't respond, still giving most of my attention to the speaker. We were in the second session of the morning at CUJ's Grow Show.

The possible 360-degree review of the tax code by the Super Committee should send a signal to the credit union industry that the next several months may test its political and legislative skills regarding the tax exemption like never before.

Credit unions are beginning to interact with members through a variety of new channels as members demand more easily accessible account details. That especially includes access to mobile devices, which are becoming an increasingly popular method for members.

The massive data breach of Sony's PlayStation Network hasn't deterred people from using it – 3 million new customers have signed up since the incident was disclosed in April.

Investor's stake in the future of Bank of America shows a boldness that banks now lack.

In the Dodd-Frank Act, Congress included an exemption from the five percent risk-retention requirements applied to residential mortgages. Unfortunately, in their proposal to define what qualifies as a "qualified residential mortgage" under that exemption, regulators included only a very narrow test of borrowers' credit risk.

The Capital One acquisition of ING Direct USA is, as far as we know, the first time size alone has been made an M&A approval criterion for the Federal Reserve.

California is making its data breach notification law stricter. The state's notification law was the model upon which many other states based their notification laws.

Total U.S. demand deposits are around $1 trillion. China and Japan each hold around $1 trillion in U.S. Treasuries.

About 200 digital certificates, which are used to verify the legitimacy of websites, may have been compromised or fraudulently issued in a recent breach, according to new estimates.