PayThink

We need stronger cross-border regulatory enforcement to spot U.S firms going to London for looser rules. Guess what MF Global, Lehman, AIG and the London Whale have in common.

The Dimon Senate hearing was a missed opportunity to spotlight the criticality of risk management practices. When banks get into trouble, you can follow the trail back to a lack of governance, process and controls.

Many so-called consumer advocates doubt consumers can make responsible decisions about credit and believe they should be "protected" from certain financial products. We did not sense this sort of patronizing viewpoint from the new agency.

Financial institutions and technology companies are working hard to bring location-based advertising to life, but research in psychology suggests those same offers may be draining a limited resource: our willpower.

It's too easy to blame the agency. With a job as complex as the FAA's, but less than a tenth of the staff, the OCC for practical and philosophical reasons relies on banks to manage and monitor risk.

The Basel III capital requirements must be applied consistently across borders. It'll do a lot more to deter reckless risk-taking than micromanaging banks through measures like the Volcker Rule.

Partnerships between cooperatives and credit unions are highlighting how like-minded member-owned organizations can work together to create win-win scenarios that provide solutions, enhance business and create new opportunity.

How entertaining is your credit union's website?

The article by Frank J. Diekmann entitled, "Credit Unions? Snobs Who Are Based in Timbuktu" published in the May 21, 2012 edition of the Credit Union Journal raised some excellent points for consideration by credit unions and their trade associations.

True markets are transparent, competitive, regulated and fair. None of these adjectives accurately describes the CDS business.