PayThink

Don't think of this business as residential lending. It's really a low-risk form of asset-based lending.

While having dinner with a couple of old banker friends recently, our conversation turned to a consistent challenge many management teams face. It started when one friend shared that he was recently in a meeting in which his bank's "revised" incentive plan for branch managers and frontline employees was being explained.

Dodd-Frank went a long way toward ending too-big-to-fail. Since large, diversified financial institutions provide significant economic value to clients, the likely effect of arbitrary and preemptive break-ups would be to concede global financial leadership to other jurisdictions.

The CFPB's mission is to protect consumers from financial harm.

The last few weeks have seen good news (with a potential to become Revised News), bad news, and news that depends on your perspective-as news most often does.

Are Multi-Million-Dollar Salaries Sign Of Lost Way?

While today's volatile financial environment offers opportunity for credit unions to build their memberships, the challenges are twofold.

Making more bad loans is the tuition price for learning how to build and train new underwriting algorithms.

There's a sizable, growing community of people who'd be receptive to the notion that you can get needed services without having to support the companies that have inflicted so much damage on the economy and the country.

The Consumer Financial Protection Bureau is working to finalize the definition of a Qualified Mortgage under the forthcoming ability-to-pay regulations. These regulations will have profound implications for the entire U.S. residential mortgage market.