PayThink

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.

The Senate's approval of Richard Cordray's nomination to lead the Consumer Financial Protection Bureau is likely to end the Republicans' push for a change to the bureau's structure.

Companies that provide on-demand, cross-account control and recommendations are best positioned to serve evolving consumer behavior. Banks that don’t get ahead of this shift could be relegated to the role of back-end infrastructure provider.

An encompassing denominator and full disclosure requirements should assuage concerns that Basel fails to go far enough to cushion banks for unexpected losses.

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.

Sen. Mike Crapo, the top Republican on the Senate Banking Committee, asked the Government Accountability Office to shadow the Financial Stability Oversight Council's process for designating systemically important institutions.

Branch numbers will grow again while the industry’s total branch square footage goes down. More customers will choose their banks based on the availability of a branch they won’t use all that much.