PayThink

Document preparation providers can help credit unions stay compliant and ease the lending process for institutions and members alike.

Richard Cordray won’t be around anymore to keep an eye on the fintech sector. The question now is: Who will?

KeyCorp's Beth Mooney disarms “a ticking time bomb.” The former head of the Small Business Administration wants to buy Harvey Weinstein’s company. A female FDIC chair is on the way. Plus, the CFPB showdown, an effective way to combat sexual harassment, and laundry tips from Anne Wojcicki.

Digital payment brands like Venmo are achieving scale quickly by recognizing that no one wakes up thinking they need to make a transaction. They really focus more on what they have to pay for, according to CO-OP Financial Services' Shazia Manus.

Even though they do not face the immediate prospect of regulation requiring an open-banking policy, American banks should act as if they do.

Reform of the Community Reinvestment Act should seek to establish a minimum standard for the volume of CRA activities a bank must complete in its assessment area.

Neither the acquirer processing the payment, nor relevant regulatory bodies ever know that these payments are actually for illicit goods, making transaction laundering particularly dangerous and far-reaching, writes Ron Teicher, CEO of EverCompliant.

A recent CU Journal article misses a crucial point about credit unions and distributed-ledger technology.

Along with crowdfunding and peer-to-peer lending, cryptocurrency can improve access to payments, credit and other financial services for SMEs, writes Eugene Green, CEO and founder of WishFinance.

Partnerships with financial technology companies could be effective in helping banks meet small-dollar credit demand, but those partnerships face a legal cloud. Thankfully Congress is considering adding needed clarity.