PayThink

The other morning I was at the counter of the local UPS store notarizing a document when I was shocked by a comment by a woman standing nearby. This nationwide franchise provides post office boxes, packing, shipping, copying and many other individual and business-related services through 4,700 convenient small corner or mini-mall stores. My head snapped as she told the clerk, "I would like to make a deposit." At first I thought she was making a deposit for a purchase or on a bill or perhaps depositing a package of goods for shipping.

The 2009 Card Act required lenders to "consider" customers' "ability to pay" before granting credit on cards.

Credit Unions must disclose CAMEL ratings.

Credit Unions gathered at the Governmental Affairs Conference to ask for relief from the MBL cap.

Carla Decker has withdrawn her name for confirmation to the board of the National Credit Union Association.

This is a letter in response to the 'Senate Leader Plans Vote on MBLs Bill'.

Audit committees must follow rules already on the books that charge them with hiring and firing auditors. That includes booting an auditor that allows executives to put banks at risk of failure for their own enrichment.

Behind closed doors they live in a constant state of fear, ducking calls from bank and servicing representatives, opening certified letters with shaking hands.

I am sad to see Cam Fine of the Independent Community Bankers of America resort personal attacks on me and my firm in response to my comment, "TAG Actually Gives Big Banks the Advantage." I can imagine that my comment stung a bit, but Cam and all of the people at ICBA know that I am one of the most vocal advocates for community banks in the U.S. Indeed, our firm is focusing a great deal of time and effort to help small banks raise capital and compete with the too-big-to-fail banks.

Before moaning about unbanked consumers and their supposed lack of financial literacy, bankers, federal regulators, lawmakers might consider that there once was a product that targeted this situation.