PayThink

Editor's Note: This letter to the editor was written in response to "Voters Overwhelmingly Support Wall Street Reform" from Credit Union Journal's Daily Briefing, July 20.

Never, ever, give Twitter accounts to stockbrokers. If you give thousands of commission-based sales people access to broadcast media, someone is bound to say something stupid.

Many commentators ignore this part of the central bank's job and think any bank that gets liquidity from the Federal Reserve is a failed bank.

A minimum credit score would not cap or regulate risk, or even measure it consistently. Instead it would ensure that the risk floor for QRMs would actually fluctuate.

If I came across a borrower who is deep in debt and whose obligations exceed their income and yet continues to borrow to service those obligations, I would not consider them a good risk.

Market evolution in recent decades has made it harder and harder for smaller institutions to access capital. Meanwhile, regulatory restrictions impede alternatives that could fill the void.

The agency's final rule contains glaring legal errors and whitewashes the role preemption played in enabling the lending excesses that precipitated the crisis.

A new malicious program makes no attempt at subtlety – it dupes victims into transferring away their own money.

If banks can track borrowers' interest rates and terms, how hard can it be for them to track which borrowers are serving in the military?

Hacking suspects may blame their arrests on having picked the wrong target. The FBI used data collected by PayPal to choose its suspects.