PayThink

Great boards have great dynamics among their fellow members. Contemporary research points to a parallel between successful board dynamics and overall value for a credit union.

Clearly, that letter, penned by Tom Pinnow, president of County City CU in Jefferson, Wis., had touched a nerve. You can read it on page 6 of this edition of Credit Union Journal under the headline "If Small CUs Die Off, What Happens to Movement?"

The Subsidy Reserve Act of 2015 could solve "too big to fail" and level the playing field for smaller banks by requiring the largest financial institutions to accumulate capital equal to the amount of the market subsidy they receive.

The mobile point of sale (mPOS) market is growing quickly—ABI Research says about 46% of the overall point of sale market will be mobile in four years. But the technology is complex, requiring a careful strategy.

The FDIC is taking important steps to undo the damage caused by Operation Choke Point — but fraud prevention company Early Warning apparently didn’t get the memo.

Banks' business models are even more vulnerable to a massive shake-up than industry behemoths like McDonald’s and Coca-Cola. The industry will be redefined by technological change and shifting consumer preferences, as well as by regulations that limit the sector's adaptability.

At the top of the agenda for Thursday's NCUA Board meeting is a review of how the agency defines small. One small CU suggests this is a hugely important topic for the industry.

Despite the pending October liability shift, there are many small and mid-sized merchants and merchant service providers that are only starting to learn about the EMV standard and beginning implementation project plans.

Right now, financial institutions are not required to know the identity of the living, breathing person behind accounts owned by legal entities. The beneficial ownership rules proposed by Fincen would help expose money launderers, tax evaders and criminals.

Encouraging the financial industry to explore faster payments is all well and good. Effectively directing it to do so, however, is beyond the Fed's authority.