PayThink

The election is over. Dodd-Frank is here to stay. It's time for bankers and regulators to get on with compliance and implementation, writes Editor-at-Large Barbara Rehm. She'd like to see an appointment for the director of the Office of Financial Research, stronger bank boards and leeway for examiners to go with their guts.

Fraudsters are increasingly preying on the default servicing end of the mortgage lifecycle, where traditional detection methods have not been deployed. Fortunately, there are new ways to spot red flags.

The Durbin Amendment has made debit card transactions more transparent, increased marketplace competitiveness and reduced prices. Now Congress needs to focus on credit cards.

Consumers who travel with debit or credit cards have no obligation to report their bank account balances or the size of their credit lines. Certainly those who rely on prepaid cards to access financial services should be entitled to the same rights.

The news that the CFPB's Deputy Director Raj Date will be leaving the agency has provoked anxiety in banking circles. Despite objections to the new agency, many have appreciated his expertise and deep understanding of the industry.

Companies that are proactive about intentionally harvesting as many diverse viewpoints as possible can inherently derive innovation out of inclusion.

Sheila Bair says we should prohibit examiners from quitting to work in the private sector, to keep them from gaining unjustly favorable regulatory treatment for the banks that later employ them. But the worse abuse runs the opposite way.

President Obama's reelection has given his administration a "do-over" opportunity in housing.

Internal governance policies should define for shareholders, employees and the public how the bank plans to effectively manage the stated risk appetite.

Federal Reserve Board Gov. Elizabeth Duke doesn't want to see new mortgage rules driving community banks out of the origination market. Exhibit A: balloon mortgages. They may have been abused by other lenders, but are a mainstay of community bank mortgage lending.