PayThink

Modern giants are likely to behave at least as badly as their World War II counterparts.

Lenders’ choices today are stark: Make Qualified Mortgage loans and risk being sued under the disparate-impact doctrine; make non-QM loans and risk being sued under the ability-to-pay-doctrine; or sell their loans to Fannie Mae and Freddie Mac.

Former Chairman of the House Financial Services Committee Barney Frank called Friday for both stringent standards and lenient enforcement around the 2010 Dodd-Frank law's Volcker Rule.

The world of lending and loan servicing is undergoing huge transformation, with operational changes that will take time to play out.

The PCI Security Standards Council's hacker-inspired data mapping plans are crucial to protecting super-interconnected enterprise systems.

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

At NCUA's recent board meeting it was announced that the National Credit Union Share Insurance Fund's (NCUSIF) equity ratio had reached 1.31%, and as a result no premium would be charged to credit unions in 2013.

IT spending is on the rise - and that's not a bad thing. While compliance has dominated financial institutions' IT budgets for the last several years, this year paints a rosier picture with credit unions making larger investments in online banking and mobility - thereby enhancing the customer experience and increasing competitiveness.

Get ready. The year-end lists are coming. Top-grossing films. Richest people. Greatest inventions of 2013.

Tougher restrictions on job duties, zero tolerance from senior management and compensation structured around long-term incentives, among other things, will prevent the wrong people ending up in banking for the wrong reasons.