PayThink

The complexity of the Volcker Rule means that it will be nearly impossible for banks to comply with its requirements within set time frames—and regulators risk wasting a lot of time trying to enforce the unenforceable.

As the industry turns to online-only banking and partnerships with third-party retail distributors, it's getting harder to use geographical boundaries to define the communities that banks serve. That's why the CRA needs an update.

Despite the controversy over bending handsets and a broken iOS update, Apple’s iPhone 6 remains the must-buy addition to the smartphone sector, continuing to draw in the crowds.

Millions of Americans rely on payday loans to meet their short-term credit needs, and new research suggests that they understand the costs and terms associated with the product.

It is tempting to believe we can avoid another crisis by giving regulators additional controls over the financial markets. A more effective approach would be to acknowledge regulators' limits.

We usually think of card fraud as hurting just the merchant who accepts the card, but when one merchant accepts payment from a stolen card it hurts other merchants.

More banks are competing for underserved customers and working to understand millennials as a group that's full of potential, according to speakers at a recent American Banker conference.

Banks are likely to reconsider product strategies associated with minimum balance requirements and earnings credit features as they prepare to comply with Basel III.

The DOJ wants the banks it threatens with litigation to admit accountability, pay hefty penalties and takes steps to satisfy the public thirst for payback. But the financial system would be better served if the bulk of regulation was left to the banking agencies.

The debut of Apple Pay has far-reaching implications for the future of the U.S. payments system and has cast a bright light into a murky mobile wallet payments environment. Some may even wonder if Apple Pay is in fact poised to eclipse plastic card payments.