PayThink

Borrowers who are being sued by lenders over the money owed on foreclosed mortgages are making novel use of the Fair Debt Collection Practices Act. They argue that they cannot be sued if they live in a state different from the one where the property is located.

2014 was an eventful year for the payments industry. Apple Pay launched, bringing legitimacy to NFC and much attention to mobile POS.

Incentives for companies aren't the same as incentives for people. The QRM risk-retention rule doesn't solve "IBG, YBG" — "I'll be gone, you'll be gone." Banks appear to have been slow to adopt clawback policies for individual lenders.

Innovations in payments and e-commerce are just getting started. The world of "New Finance" is one of endless possibilities.

2014 was a big year for the mobile payments industry with Apple Pay diving into mobile wallets, and Starbucks and other retailers gaining traction with apps that combine loyalty and engagement programs with mobile payments.

It has been nearly a year since the Target breach has tuned the world into what fraud managers have been dealing with for years.

It is unclear if the wave of state actions signals a burgeoning state scrutiny of consumer finance companies or if state enforcers will only employ this new approach on occasion.

There is no doubt Visa, MasterCard and indeed many of their member banks will initially lose revenues as the new Russian card system takes some of the fees normally earned by them.

More than one-quarter of customers buy a banking product from their primary bank's competitors. Can banks use mobile technology to sell more effectively and stem the tide?

By now many of you have probably seen the reports of somewhat disappointing Black Friday turnout from the National Retail Federation.