PayThink

Upcoming changes to how banks report mortgage activity to the government will have an undeniable impact on Community Reinvestment Act exams, but regulators have been silent on how they will use the data.

Mobile apps still account for only about one percent of transactions. There are a few ways to increase adoption, such as targeting payment types that are already tough to make with cash.

Unlike other “suspicious activity report” categories, a new proposal to add a “cyberevent” category would require institutions to detect and report digital mischief whether directed at a customer’s account or the bank itself.

Prepaid card users have waited a long time for the basic protections that debit card customers take for granted. Congress should not throw them under the bus.

There are several steps necessary to contain, assess and report an incident that should precede further action.

The Financial Stability Oversight Council is masquerading as an analytical, objective body that more accurately reflects the Dodd-Frank Act's aim to expand the power of bureaucrats.

Traditional banks’ budgets for growth and transformation have been virtually nonexistent since the financial crisis. In the new political and economic climate, traditional banks will gain the resources they need to innovate.

Check imaging reduces the need to handle paper, reduces clearing time and paves the way for mobile deposit and remote capture. However, this new functionality also means financial institutions take on greater risk from electronic acceptance, images in the cloud, and significantly reduced float times.

The Consumer Financial Protection Bureau's prevailing mindset is apparently not affected by convincing evidence regarding options for borrowers looking for small-dollar credit.

With the reversal of Obama-era rules requiring user consent for data collection, it is more important than ever for U.S. banks and fintechs to demonstrate a robust and consistent approach to data privacy.