PayThink

New York's top financial services regulator Benjamin Lawsky has indicated he will hold individuals accountable in enforcement actions. But it’s imperative his agency – and others that plan to follow suit – adopt and follow defined procedures that consider an individual’s unique, more vulnerable position.

Most financial institutions and issuers of debit and credit cards, as well as merchant branded private label payment schemes, miss three key areas of due diligence in their return on investment (ROI) analysis of card-linked offers (CLO) programs: Incremental merchant results (Performance), Consumer offer targeting (Relevancy) and Merchant offers (Content).

By buying more goods and services from businesses rooted in diverse communities, banks can build bridges with those communities and expand their customer base. And by expanding their networks of potential suppliers, banks can obtain better quality services at lower prices.

Those in the industry say customers aren't asking for specific same-day capabilities. Could it be that they aren't asking because they are finding solutions elsewhere?

The place to debate whether payday lending or any other business should be allowed to operate and have access to the banking system is in the halls of Congress and state legislatures, not in the backrooms of government bureaucracies, Bill Isaac writes.

A mediocre solution as unappetizing as that may be, in the long run, it is preferable to no solution at all in the secondary mortgage market.

In order for bank CEOs to be included on any "great leaders" list, trust with customers, employees and shareholders must be strong.

Community banks need a steady flow of prospects. A partnership with a successful retail concept virtually guarantees constant customer traffic.

Fannie and Freddie are huge in size, huge in global systemic risk, close to zero in capital, and of fully demonstrated "too big to fail" status. What is stopping the Financial Stability Oversight Council from designating them as systemically important?

Govern Google, regulate nationally, build on that baseline, evidence externalities and reduce demand in order to transform payday from a great divider into a great unifier.