PayThink

Debt buyers should make a copy available to the court and to the defendant at the time of filing the lawsuit. This should help relieve our congested court dockets and prevent lawsuits against the wrong people in the wrong amount.

Banks should allow more time for less-stringent pricing models and video-teller ATMs to permeate the industry as consumers wean themselves from conventional, face-to-face interaction with tellers.

It’s not enough to manage liquidity risk, credit risk, market risk, reputation risk, regulatory risk, and legal risk. Banks must understand how these risks interact with and affect one another.

No market should over-rely on one entity. But references in regulations and lending guidelines to the dominant credit score provider have created unintentional government brand endorsement and blocked new entrants.

Maybe what credit unions really need is Super Car-io Bros., or Call of Duty: Compliance, or maybe Grand Heft Auto Loans.

Most every financial institution has been engaged in some type of improvement initiative over the past few years to improve operational performance and profitability.

The annual "A Day in the Life of Credit Unions Project" pictorial project in the October 14, 2013, edition of the Credit Union Journal is a fitting tribute to credit unions and the observation of International Credit Union Week. I commend you and your staff for putting together this outstanding feature.

There is no shortage of data when it comes to a credit union's credit card program. Every day there is a tidal wave of data about who used their cards, how many times, what they spent and where they spent it.

Youth may be wasted on the young-but not your efforts to promote debit cards. Despite the product's maturity, younger consumers demonstrate a clear preference for debit cards as their primary payment method.

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