PayThink

The bank of the future is a humanizing bank, where the focus is on relationships, intimacy, depth, and human connection – supported by technology.

Both Federal Reserve Board Chairman Ben Bernanke and Treasury Secretary Jacob Lew spoke this week on how long it would take U.S. regulators to end "too big to fail" and to implement Dodd-Frank.

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

Innovations from nonbanks will need a platform to provide distribution and the ability to scale quickly. Smart bankers will partner with startups to provide together what neither could do alone.

The U.S. Government Accountability Office has agreed to Sen. Mike Crapo's July 2 congressional request to examine the data collection efforts at the Consumer Financial Protection Bureau.

An emphasis on capital to the exclusion of all else is, at best, misleading and, at worst, harmful to the banking business model.

After failing to respond to customer demand and missing tectonic shifts in money transmission and online and mobile payments, banks have an opportunity in the emerging area of cryptographic money.

Notwithstanding recent media criticism, there is little doubt that these products offer a better alternative for unbanked and underbanked consumers who would otherwise use a cash-based system to manage their finances.

After the Senate's confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau, Massachusetts Sen. Elizabeth Warren applauded the decision at an event celebrating the bureau's second anniversary.

The new leverage ratio is a relatively modest proposal that can be easily addressed by the affected banks without material capital raises or changes in distribution policy.