PayThink

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

Foreign banking organizations will need to create massive compliance and reporting systems to handle the Volcker Rule, even if the vast majority of their dealings are done outside its scope.

The industry doesn't need to invest millions in further education and legislation. The road to a good credit score is pretty straightforward.

No one is going to put a hand up with a radical new business model or push back on dangerous suggestions if they fear ridicule – or worse.

As I tried on my colleague's Google Glass headset, I had a flashback to my first time using the Starbucks app to make a payment. And I was surprised to find Google Glass worked better.

The FTC's move to hold payment processors responsible for the deeds of unscrupulous merchants could result in higher prices or fewer choices for small businesses and consumers.

Companies that create goods or enhance existing services are seen as innovative and responsive. Businesses that impose fees without adding value often wind up paying a reputational price.

Regulators are challenging banks’ relationships with disfavored businesses, citing the endlessly adaptable concept of reputation risk rather than law or regulation.

An explicit guarantee is better than the implicit one Fannie and Freddie had. But a more fundamental approach is to demand that financial actors internalize and capitalize the risks themselves.

Throughout America's Credit Union Conference this week, participants will see wide and varied reference to two crucial initiatives CUNA is currently pursuing: Unite for Good and Don't Tax My Credit Union.