PayThink

The Consumer Financial Protection Bureau plans to work with the mortgage industry throughout the year to help lenders comply with the new rules by the 2014 deadline.

Due to continuing struggles within global economies, the interconnected financial framework requires higher levels of capital, liquidity and investments in assets that can objectively be considered safe.

Retail banks must start innovating, improve integration across channels and consider charging fees for services to maximize their return on investment.

Republicans continue to call for the CFPB to adopt a five-person board instead of having a single director. Similar calls are almost never heard regarding the Office of the Comptroller of the Currency.

Senate Banking Committee Chairman Tim Johnson, D-S.D., released the panel's agenda for the 113th Congress on Tuesday. Among many of the issues unveiled was an emphasis on continued oversight of the Dodd-Frank reform law.

Developing new online platforms to lower APRs to 365% is a waste of resources. Instead, lenders can tackle the payday problem by partnering together, cultivating loyalty and capping expected default rates.

Individuals who blew the whistle on a mortgage fraud scheme that cost JPMorgan Chase $296 million in fines have three months to prove that their information helped lead to the settlement.

The Consumer Financial Protection Bureau, created under the 2010 Dodd-Frank reform law, will require some mortgage servicers to develop general plans for avoiding complications arising from the transfer of servicing rights.

The traditional payday loan structure should cease to serve as the standard by which innovation in this credit space is measured.

Banks are beginning to use considerable discretion in deciding what constitutes an illegal act and sometimes even an immoral act. Freeze the funds first ... ask questions later.