PayThink

Booz Allen Hamilton, a contractor for the U.S. military and federal agencies, is the apparent victim of a hacking incident, The New York Times reported Monday.

Kyle McDonald was investigated after posting to his blog photos taken by the built-in webcams in the demo machines on display at an Apple Inc. retail store in New York, according to a July 8 story on Business Insider.

The largest bank holding company in the U.S. is shooting for only 7% of Basel III Tier 1 common equity. Come again?

As bankers anxiously await the anticipated 300 new regulations from Dodd-Frank regulators have continued their assault on banking practices. Bankers have recently been concerned about the details and expected requirements regarding automated overdraft-payment programs that were initially issued last November, with follow-up explanations provided in late March.

Housing and Urban Development released its final rule on the Secure and Fair Enforcement Mortgage Licensing Act at the end of June. It exempts employees of government agencies, loan servicers, mortgage modifiers and employees of non-profit agencies from licensing and registration requirements in the act.

I spent an hour and 15 minutes at a roundtable discussion during NAFCU's annual meeting in San Francisco. Attitudes that had always been so Winnie the Pooh-like in finding the positive have, I'm afraid, become much more like those of Eeyore. Or, just plain poo.

What financially significant news was in the Fed's final Durbin regulations release on June 29? An objective measure is the impact of the release on stock prices.

The Federal Reserve Board just gave the biggest banks in the United States a $4 billion annual present and flagrantly disregarded the law to do so.

The title alone speaks volumes about an era when women had yet to gain the right to vote: "A Financial Courtship."

A July 1 BankThink piece asserted that retiring FDIC chairman Sheila Bair should be the next Treasury secretary. However, Ms. Bair's background and performance as FDIC chairman strongly suggests she would not be a good choice.