PayThink

Central clearing for over-the-counter contracts will undoubtedly reduce risks, but the market still has multiple regulators and multiple sets of rules for different players and for different instruments.

The attorneys general for Oklahoma, South Carolina and Michigan have joined a lawsuit challenging the constitutionality of the Dodd-Frank Act. They filed a complaint in U.S. District court about provisions in the legislation allowing the FDIC and Treasury to unwind troubled companies.

Personal motivations aside, many felt the hire made sense for the Financial Services Roundtable since it fortifies the trade group's relationship with Congress. What impact do you think Pawlenty is likely to have on banking policy?

Former Minnesota Gov. Tim Pawlenty, the incoming head of the Financial Services Roundtable and outgoing co-chair of the Romney campaign says the Dodd-Frank Act needs "refining." He also says banks should "stop doing stupid things."

China blocks U.S. banks from operating there. We should reciprocate. There's nothing to gain from giving keys to our banking system to entities owned and controlled by an adversary state.

What is good for the big banks is not necessarily good for the economy and the growth of jobs, writes the chairman of Signature Bank in New York.

The Consumer Financial Protection Bureau asked state attorneys general to sign a cooperation agreement to protect shared confidential information, but most Republican AGs are declining to sign.

Andrew Kahr blames Fannie Mae and Freddie Mac's affordable housing goals for helping "inflate" the housing bubble. Former GOP appointees at HUD see it differently.

A federal charter will allow lenders to provide more credit alternatives with lower costs as well as flexible payback periods and loan amounts to underbanked consumers.

The SEC has a lot of rules to implement for Dodd-Frank, and as we know, much of that has been slow-going. The agency had been posting a timetable for action on its website, but "this summer, the agency quietly removed timing estimates from its list of pending Dodd-Frank mandates, largely because the estimates were rarely accurate, officials said," reports a Wall Street Journal blog.