Viewpoint: Mobile Payment Risk Shouldn’t Deter Consumer Adoption
Security concerns are commonly cited as the reason for the lack of widespread adoption of mobile banking. But there is risk with every type of payment - lest we forget the growing list of recent major retailer and restaurant card data breaches.
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Rep. Marlin Stutzman, R-Indiana, is member of the House Financial Services Committee.
Farming should be at the center of the Farm Credit System. Unfortunately, a too-big-to-fail approach has allowed this $247 billion government-sponsored enterprise to overstep its purpose and crowd out private lenders. more »
Peter G. Weinstock is the Practice Group Leader of the Financial Institutions Corporate and Regulatory practice group at Hunton & Williams LLP.
In his book David and Goliath, Malcolm Gladwell explores the U-shaped curve for different efforts. Specifically, he discusses the effect that reducing class size has on education performance, increasing incarceration has on crime and social welfare, and increasing parental income has on child rearing. more »
Pastor Mark Whitlock is the senior minister of the largest Black church in Orange County and the director of corporate partnerships for the 5,000 African Methodist Episcopal churches in the U.S. Pastor Sam Rodriguez is the president of the National Hispanic Christian Leadership Conference, which consists of 40,000 Latino evangelical churches across the nation.
Regulatory requirements that bar homeowners with imperfect credit scores from receiving a mortgage are hurting minorities and the economy as a whole. more »
Barrett Burns is president and chief executive of VantageScore Solutions, a credit score provider.
Wells Fargo and other mortgage lenders have recently begun reducing credit score cutoffs in an effort to provide greater access to credit for their customers and to take advantage of pent-up demand in the mortgage market. more »
Aaron Klein is director of the Bipartisan Policy Center’s Financial Regulatory Reform Initiative.
Today millions of Americans are stuck living paycheck to paycheck, relying on small-dollar loans to get through tough times when they are short on cash. more »
An American Banker reporter recently took part in an exercise organized by the Center for Financial Services Innovation. more »
There are few winners in the current debt collection system. The majority of debt collectors have earned their toxic reputations and are deserving of increasingly heavy regulatory scrutiny. more »
Tech-powered platforms like Kabbage and OnDeck have been competing with banks on small-business lending for some time. Now a new breed of players is raising the stakes. more »
The continuing implementation of the Affordable Care Act will throw the healthcare industry into short-term chaos. more »
Analytics of consumer payments data has transformed the ways credit card companies understand and engage their customers and prospects. more »
Many banks are concerned about recent and pending regulation on small-dollar credit lending. more »
In my experience as a financial technology investor focused on the needs of the emerging middle class, I have found that attitudes around payday lending generally diverge into two main camps. more »

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