PayThink

New York's Benjamin Lawsky and other state regulators have given no indication of differentiating between online lenders that operate well and those that don’t. Yet the spectrum of alternative lending operations indicates that just such a distinction is needed.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

According to the Chinese calendar, 2014 is the Year of the Horse. The horse is considered strong and naturally lucky when it comes to money resources.

We all know that credit union branches are being changed by member use of banking technology.

Are you innovative? Of course you are. The only thing that would be innovative anymore would be finding someone who doesn't believe they are an innovator, or any CU that doesn't plan to be an innovator in 2014.

These types of schemes rarely pay off in the end, and they certainly never represent an efficient use of funding. Banks would, therefore, be well-advised to make some immediate price-structure changes.

Consumer Financial Protection Bureau Director Richard Cordray debunked myths on Thursday about the agency's new mortgage rule.

Reduced lending, fewer leaders in times of crisis and less innovation – that’s what we’d have if only the biggest banks were allowed to survive.

Treasury Secretary Jack Lew said Thursday that regulators will release a strict version of Dodd-Frank's Volcker Rule that would ban proprietary trading and investment in hedge and equity funds by banks.

Nacha says the industry wants faster processing and is “working to make it happen in a way that is a win-win for all.” The biggest banks are in no rush.