PayThink

Have credit unions simply become too sophisticated for volunteer board members to oversee? To understand? To manage any longer?

Roger A. Licht, President of Credit Union One, asks why the sale of US Central HQ is secret.

Know-your-customer, an essential precaution, must be coupled with know-your-employees. A host of instances highlight the involvement of employees in fraudulent transactions – in most cases in league with customers.

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

The Chairman/CEO split issue is a sideshow. No one has considered the troubling implications of a large, crazy, lucky bet the London Whale made the year before his infamous money-losing trades.

The return to profitability of Fannie Mae and Freddie Mac is not a reason to preserve them as part of a future housing finance system.

For two years, Democrats and Republicans have been at an impasse over the nomination of the Consumer Financial Protection Bureau's Director Richard Cordray, and next week Senate Majority Leader Harry Reid is once again calling up the long-awaited confirmation vote.

Loan performance data show the entire case against GSE underwriting standards, and their role in the financial crisis, is based on social stereotyping, smoke and mirrors, and little else.

Analyze data to tailor offers and draft sales pitches that customers, particularly those visiting branches, will have a hard time refusing.

The common-sense steps taken in the bill will help even the playing field between community banks and big financial firms.