PayThink

Navy Federal's strategy gives everyone else in the industry yet another way to get around the cap. Puzzlingly, some credit unions relentlessly press for legislation.

For many, it is more beneficial to take advantage of mechanisms that are integral to the fabric of the company and of the financial ecosystem, as a way to achieve compliance and maximize investments in current foundations.

Richard Cordray, director of the CFPB, faced Republicans in Congress on Tuesday night as part of a House subcommittee on financial services oversight hearing.

A BankThink post on the snail’s pace of payments sparks a discussion of how red tape stops financial institutions from leveraging social media. Have banks hit a social media stalemate?

"If I could push a button and eliminate Dodd-Frank would I do it? No, I would not," says Goldman Sach’s Lloyd Blankfein.

Sandy Weill's call to break up big banks invoked the Main Street bankers who have blasted Wall Street fat cats like him for years. What next for him — a director post at a small bank in Peoria?

Financial markets remain highly complex webs subject to major systemic shocks we are ill-equipped to identify before our financial system melts down.

A regulatory settlement or a Senate hearing can remove a particular cloud enveloping an institution, but create deeper doubts than the ones it removes.

Last week's enforcement order against Capital One "signaled the CFPB is shooting for higher settlement amounts, is more interested in providing a detailed account of what went wrong, and wants to specify exactly what institutions should do in similar situations," writes American Banker's Kevin Wack.

We know banks large and small are concerned about the compliance costs and other implications of Dodd-Frank. How about credit unions?