PayThink

Comptroller of the Currency Thomas Curry believes regulatory cooperation between examiners is key to navigating the division of responsibilities that the Dodd-Frank Act made to bank regulation.

The nomination of attorney Mary Jo White as SEC chairman and renomination of Richard Cordray as CFPB director indicate the White House's stance on key banking issues will create new challenges for financial institutions.

The biggest expansion of the banking rulebook is still on the horizon. The changes could lead to an overhaul of banking business models.

Confining banks to "narrow" or "traditional" activities, as some policymakers and pundits advocate, would drive even more customers to the shadow sector. Do we really want shadow banks to own the financial future?

Several tech startups have made short-term credit the focus of their business models. But could a product so universally frowned upon ever achieve mainstream acceptance?

Despite the bipartisan nature of the Panel's first vote last week, the new leaders of the House Financial Services Committee, Chairman Jeb Hensarling, and ranking Democrat Rep. Maxine Waters, continue to dispute the effects of the Dodd-Frank reform law.

Big banks must get smaller. Small banks must get bigger. All banks must turn their attention away from crisis-era baggage and show how they'll consistently make money from now on.

Future compensation structures should not only reflect the higher costs of servicing troubled loans but also open the business to more nonbank competitors.

Without a permanent director, the Consumer Financial Protection Bureau has no authority to create or enforce regulations against nonbanks. However, attorneys and industry consultants say several recent mortgage regulations approved by Richard Cordray may still be upheld.

A federal appeals court ruling last week might force Democrats to cut a deal with Republicans over the structure of the Consumer Financial Protection Bureau.