PayThink

In a report released Thursday, the Government Accountability Office urged the Federal Reserve Board and other regulators to finalize key provisions of the Dodd-Frank Act that are designed to decrease government support to big banks and improve bank oversight going forward.

Moody's downgraded the ratings of Morgan Stanley, Goldman Sachs, JPMorgan Chase and Bank of New York Mellon by one notch on Thursday.

Despite a banner year for bank reform, prospective Fed chairman Janet Yellen would have to ensure Basel’s implementation, strengthen Dodd-Frank's living will requirements and form closer ties with regulators to ensure safety and soundness of our banking system.

The moment of truth… With the Isis app running and my Serve account displayed on-screen, I held my phone in front of the contactless card reader.

A response to John Bowman.

To set monetary policy and function as a lender of last resort, the Board of Governors must have the expertise to understand the operations and condition of financial institutions.

People without an extensive derivatives background can learn about the nuances of these financial contracts. Massad's law degree, stint as Tarp adviser and global professional experience will help him achieve the CFTC's mission of derivatives reform.

To avoid incurring a customer's wrath or a lawsuit, banks should make sure new fees carry a clear value exchange, offer something new (ahem, mobile) and are easily avoided. Resist any temptation to set fee traps.

The Consumer Financial Protection Bureau plans to hold a field hearing Thursday on the concerns about how the agency is regulating indirect auto lenders.

In its next round of stress tests, the Federal Reserve revisits conditions similar to those of the Great Recession. But booms are far more dangerous for bank stability than recessions, since the seeds of failure are invariably sown during them.