PayThink

After House Financial Services Committee Chairman Jeb Hensarling said on Monday that he would not allow Consumer Financial Protection Bureau Director Richard Cordray to testify on the agency's semi-annual report, Rep. Maxine Waters urged Hensarling to reconsider.

The Terminating Bailouts for Taxpayer Fairness Act adds more regulatory uncertainty to a financial sector that desperately needs clarity and direction.

More than a decade ago, regulators nearly suffocated PayPal. Now it looks like they're trying to squelch another disruptive, innovative payments system.

The debate continued Tuesday on how to resolve the issue of "too big to fail" between banking analysts, former regulators, lawmakers, banking industry representatives and top academics.

Wage costs offshore are on the rise. Local talent is available in abundance and the growing popularity of digital channels has created ample cost-reduction opportunities at home.

Analyses only consider borrowers who were offered a loan package they were willing to accept. Applicants denied a loan and applicants who turned down loans are not considered at all.

Banks' ability to provide crucial services in support of economic growth reflect their risk-bearing capacity, which is directly related to market valuations of bank franchises.

With bitcoin in the media spotlight, everyone seems to have an opinion on the price. Few recognize the profound implications of decentralized money for the monetary system, society and government – not to mention the emerging business opportunities.

The House Financial Services Committee will not accept testimony from Consumer Financial Protection Bureau Director Richard Cordray on the agency's semi-annual, according to Rep. Jeb Hensarling, R-Texas. The chairman argues that Cordray was not legally appointed to the position.

A survey released Tuesday by SAI Global Compliance shows that financial service companies are dedicating a growing portion of their software budget to regulatory compliance.