PayThink

Having one risk expert on the board’s risk committee is better than none, but a bit like having a general physician in an operating room when a heart surgeon, oncologist or anesthesiologist is needed.

Gen Y'ers are actually not all that different from previous generations when it comes to financial services. They like the touch and feel of the real world.

Frank Diekmann takes a look at the perpetual chase after young customers, and finds perspective is much needed.

Expanding the NCUA Board from three to five members and reserving one of those seats for a person with state supervisory experience will help establish a more promising future for the credit union movement.

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

Jim Bruce, the director of a new documentary on the Fed, said Summers "doesn’t really have a background… in central banking" while praising Yellen’s character and integrity.

Most of the five-year retrospectives on the financial crisis were pretty boring, according to Editor-at-Large Barbara A. Rehm. But a few were very revealing about the industry’s future, including the massive onslaught of rules still on their way.

A 1999 memorandum explains why the DOJ refrains from prosecuting large financial institutions for their blatant regulatory violations, but why does it refrain from going after the employees who behaved badly?

MagicBand, a system that Walt Disney Co. has been testing all year with a limited number of employees and Walt Disney World resort patrons, seems to be poised for success based on what looks like an extreme level of commitment to it — so far.

Want consumers to engage with your financial firm? Don’t try to turn their finances into a flashy smartphone game; find new ways to do their banking for them.