PayThink

We all agree education is vital to success in life. Yet consumers may not realize that applies as much to managing personal finances as to any other area of our lives.

Human enterprise is powered by financial resources and expertise. Banks truly can help people in all walks of life accomplish what they set out to do.

Limiting the number of overdraft fees could cause consumers to miss important payments, be denied necessities and wind up with negative information on their credit reports.

The Consumer Financial Protection Bureau announced Thursday a massive expansion of its consumer complaint database. It will be nearly 5 times larger, making it the biggest public collection of financial consumer complaints submitted to a federal regulator.

Bank of America Merrill Lynch launched two new software applications designed to address Dodd-Frank Remittance Regulation 1073, which establishes a new regulatory framework for cross-border payments.

Tailoring a bank's loan policy to the business available in its trade area tends to effectively reduce loan losses and prevent major credit debacles.

Ineffective regulation creates a false sense of confidence that causes people and markets to be less diligent than they otherwise would be.

The Dodd-Frank Act of 2010 was created to solve the problems revealed by the financial crisis. It placed enormous power into the hands of the federal banking agencies. Since the reform law was created, little has been done to restore the public's confidence in the government's ability to police the financial system.

Restricting the use of Fannie Mae and Freddie Mac securities in computing the LCR may raise mortgage costs and negatively impact banks' ability to manage liquidity risk.

New Community Reinvestment Act guidelines will reduce paperwork burdens, open up new areas for assistance and make clear that banks falling short will hurt their overall lending test performance.