PayThink

Christopher Dodd recently spoke in defense of the act with his name his name on it at a conference for accounting fraud examiners. Following the event the former senator discussed the compromises and concessions that were necessary to pass the bill, and everything he would have included given his druthers, in an interview with Accounting Today.

NCUA board level about changes in policies, procedures and practices doesn't ever seem to reach the examiner level.

The loan servicing industry is due for a shake up, starting with the widely held myth by such entities that they are payment processors.

Type "security breach" into Google just about any day of the week and you'll see a variety of different companies suffering from small to large data breaches.

Looking back on last summer provides some perspective. What's worse: a $2 billion nick to one bank's profits, or a massive computational error leading to the unprecedented downgrade of the world's most powerful economic force?

Major banks used to thrive by arbitraging reality. As Moody's downgrades show, those opportunities are continuing to diminish.

Instead of raising revenue by adding new fees, why not focus on raising revenue by creating real, tangible incentives for customers to do more of their financial business with one institution?

The conventional wisdom is that Dodd-Frank compliance expenses are a significant drag on bank budgets. Sounds obvious, right?

We at the FDIC continue to believe the small-dollar loan model is replicable and that these loans can be cost-effective and responsive to the needs of both consumers and bankers.

The question has been hanging: Which bank will be the first to put the Consumer Financial Protection Bureau to a legal test? Finally, we have an answer.