PayThink

Last month, in its enforcement action against Capital One, the Consumer Financial Protection Bureau collected the first money going into the Civil Penalty Fund.

No digital wallet can reach ubiquity if it is limited to big-box stores. Mobile solutions have to percolate down at the local coffee shop as well, where they can become part of the customer's daily grind.

Though Mitt Romney has said he'd repeal Dodd-Frank, many opponents of the legislation aren't expecting a full repeal, but rather incremental changes, according to a Washington Post WonkBlog piece.

ING Bank's $1.67 billion settlement with the Office of Foreign Assets Control is a textbook example of the decision-making process such regulators follow in handling violations.

We learn lessons after every financial crisis. But it doesn't stop the next one from happening.

The Consumer Financial Protection Bureau issued a final rule exempting financial institutions that provide fewer than 100 remittances a year from new requirements for such services.

Dodd-Frank just turned two, but it'll be old before its time writes Dimitri B. Papadimitriou of Bard College. The legislation falls prey to the same flaw of most financial regulation: aiming to solve the last crisis instead of the next, he argues.

Money funds and non-deposit-taking consumer lenders should be chartered as limited purpose banks by the Fed and CFPB, respectively. This will reduce systemic risk, improve consistency and efficiency, and protect consumers.

A personal touch can help a bank stand out, but providing great service is a challenge in our increasingly digital society. How do you develop meaningful (and lasting) relationships with your customers?

The complaint against Wells Fargo highlights problems in comparing borrowers from different racial and ethnic groups.