BankThink

Banking Needs George Baileys for the Digital Age

01/06/15

Technology companies are wooing customers away from traditional financial institutions. If banks want to address this threat, they need to rethink their business models and stop chasing profits at all costs.

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Risk Trends to Watch for in 2015

01/06/15

This may be the year that banks finally adapt to the new risk landscape by shaking up their boards, bolstering cybersecurity and increasing vendor management.

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Morning Scan: Morgan Stanley Adviser Fired for Data Leak; Community Banker on Fed Board?

01/06/15

Receiving Wide Coverage ...

Morgan Stanley Client Data: Morgan Stanley fired Galen Marsh, a 30-year-old wealth-management adviser, after he stole data from about 350,000 accounts and tried to sell the data online, anonymous sources told the Wall Street Journal, New York Times and Financial Times. Marsh's attorney said his client did obtain the account information but he didn't post it online and didn't try to sell it. Morgan Stanley has referred the matter to law enforcement....

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The Biggest Risk Management Lessons from 2014

01/05/15

Last year regulators tightened their grip on Wall Street, while banks were caught off guard by emerging cybersecurity and reputational risks.

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Banking's Tragedy of the Commons

01/05/15

A number of bankers and regulators are concerned about declining credit standards. The problem is realÂ-- and it is also endemic to credit markets.

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Morning Scan: Crackdown on Payday Lenders; Banks Beef Up Card Security

01/05/15

Wall Street Journal

The Consumer Financial Protection Bureau is exploring a potential new regulation to require payday lenders to make sure borrowers can repay their loans, anonymice tell the Wall Street Journal. The proposal is expected to be discussed early this year in a panel of small lenders the CFPB plans to convene. Such a rule would please consumer advocates, who also want the CFPB to require payday lenders to verify borrowers' incomes, expenses and credit...

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Payments Industry Should Lead the Charge in Interchange Wars

01/02/15

The coming year presents a golden opportunity for the payments industry to push for a repeal of the Durbin Amendment.

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Playing Defense Against Restitution Orders

12/31/14

Regulators' power to order restitutions is meant to be limited, but some courts are taking a broad interpretation of a key statute.

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Debt Collection Law Warped by New Breed of Suits

12/30/14

Borrowers who are being sued by lenders over the money owed on foreclosed mortgages are making novel use of the Fair Debt Collection Practices Act. They argue that they cannot be sued if they live in a state different from the one where the property is located.

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Discussion: Should Loan Officers Have More Skin in the Game?

12/29/14

Incentives for companies aren't the same as incentives for people. The QRM risk-retention rule doesn't solve "IBG, YBG" Â-- "I'll be gone, you'll be gone." Banks appear to have been slow to adopt clawback policies for individual lenders.

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