PayThink

Using return on equity as a performance measure without a risk adjustment is like trying to fly a plane without an altimeter. Sooner or later you will hit something.

Comptroller Thomas Curry’s 'heightened expectations' for large banks should include whether our communities are substantially better off as a result of their presence.

"Lawyers for the Federal Reserve Board filed an appeal Monday against a judgment that invalidated its 2011 rule placing a cap on debit interchange fees," writes American Banker's Donna Borak.

Lenders will be exposed to material put-back risk unless steps are taken to set industry standards for loan origination and processing.

Fannie Mae and Freddie Mac have tightened their 'representation and warranty' framework. Other public sector mortgage funders, including FHA, VA, and the USDA should follow suit … or risk being left with lemons.

Higher capital requirements for federal mortgage lenders, more stringent QM and QRM requirements for borrowers and a heightened reliance on private markets will help keep taxpayers from paying for future bailouts.

The Consumer Financial Protection Bureau's Director Richard Cordray said Monday that the agency has been in contact with vendors and they should be ready to comply with the qualified-mortgage rule by January.

The Federal Reserve Board and the Federal Deposit Insurance Corp. are expected to release a proposal that would require the biggest U.S. financial institutions to hold long-term debt that could be converted to equity should a bank fail.

It’s almost impossible to disclose the exact amount of third-party fees that will be charged for delivering money when those third parties may include a village council or military authority.

Customers want to bank in the most convenient way for them. Banks don’t need to close their branches necessarily, but they certainly must transform them to address this fundamental shift in behavior.