PayThink

Over the last several years, the concept of cloud computing rapidly transitioned to reality. Cloud is the simple concept of having another company provide the technological building blocks needed to run the credit union.

The recently released report on unbanked and underbanked households by the Federal Deposit Insurance Corporation should be yet another wake-up call for financial institutions across this country and especially credit unions.

Merchants, the Fed and industry lobbyists testified in court on the implementation of the Durbin Amendment, which sets a ceiling on interchange fees that larger banks can charge merchants. Merchants argue the Fed included costs in the cap that were not allowed under Dodd-Frank.

The universal consumer demand for bill payment makes the service particularly well-suited to bringing people into the financial mainstream.

To say one is a banker because he or she works at a bank is like saying you are a car because you live in a garage. The term banker must mean something.

In the first presidential debate Mitt Romney criticized the "systemically important" designations, mandated by the act, as "the biggest kiss that's been given to New York banks." And he's getting impatient with that "qualified mortgage" definition.

Banks can't win back business through optimistic future-focused messaging that ignores the real pain in our country. What customers really want is for their bank to apologize for its missteps.

Agencies need to make sure that the regulations being implemented are necessary to address the problems the Dodd-Frank Act intended to address. Analyzing the rules' potential economic impact is critical, writes BankThink columnist Clifford Rossi.

Agencies need to make sure that the regulations being implemented are necessary to address the problems the Dodd-Frank Act intended to address. Analyzing the rules' potential economic impact is critical.

Basel III is nearly incomprehensible to most readers, including bank directors, managers, and analysts. Of what use is a measure no one can understand? Tangible equity capital is understood by all.