PayThink

Relying solely on a fortress mentality that trusts in firewalls, antivirus and other countermeasure technologies has been shown, time and again, to be insufficient.

Repeal Dodd-Frank and replace it with what? "Possible replacements are unlikely to work or to be politically feasible," writes Steven M. Davidoff. And big banks have been getting bigger because it makes economic sense for them, not because Dodd-Frank is spurring them on, he argues.

Nonbank competitors are forcing financial institutions to utilize new skills sets. Conservative thinkers must now be imaginative, followers must become visionaries and the risk adverse must embrace uncertainty. Here's how to develop a forward-looking strategy in the changing landscape.

Bricks-and-mortar locations aren’t yet obsolete. Leading banks are responding to changing consumer demands by developing specialized branch formats, increasing their focus on advice and emphasizing proactive engagement with customers.

In response to repeated charges from Republicans that the Dodd-Frank Wall Street Reform and Consumer Protection Act enshrines too-big-to-fail policies, Barney Frank issued a paper analyzing how the legislation ends them.

If your bank is gung-ho to issue prepaid cards, think again. Focus on how to retain checking account customers, rather than emulating Green Dot and Chase and issuing fee-based "prepaid cards" as a new (already outdated) product.

The CFPB may have found a middle way on the safe harbor vs. "rebuttable presumption" debate in the forthcoming "qualified mortage standard. Lenders might get protection from lawsuits about ability-to-pay considerations, but only when the interest rate is in an average range

Banks that wait to be told what to do won’t thrive because the possibility of surprising and delighting customers with innovation is exactly zero when you wait for them to tell you what to build.

Switching out three VaR models in less than a year raises questions about not only the models' stability but also how risks across large, systemically important institutions can be compared.

The process for assigning Legal Entity Identifiers is causing conflict on the global regulatory scene. At issue: Who gets to assign them? Some folks are just glad the CFTC is rolling ahead with a plan, but members of the official implementation group have concerns about how it might hinder broad adoption.