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The Four Pillars of Smarter Bank Leadership

Gonzobanker

Financial institutions standing in 2030 will have completed a significant and gut-wrenching transformation of their leadership talent. To overcome the struggle, banks need to build leadership teams that align with how a future “Smarter Bank” will operate. At the same time, tomorrow’s leadership will have little to do with “book smarts.”

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How to prepare for FedNow: 5 Steps for your financial institution

Abrigo

Takeaway 2 It's important to review resources on how to prepare for FedNow and also look internally to create a plan for your unique financial institution. Stay informed The Federal Reserve and various industry groups offer numerous educational resources on the FedNow Service. Customize your FedNow plans Customization is key.

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Lending Club Keeps Pushing Its Comeback

PYMNTS

The last 12 months have undoubtedly been a difficult period for marketplace lending pioneer Lending Club. We redeployed resources for growth and invested heavily in our technology platform in the first quarter,” said Scott Sanborn, the company’s president and CEO. Will it be enough to get Lending Club back on course?

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10 Top Banking Podcasts You Should be Listening to

Abrigo

We have webinars , whitepapers , and other resources to make your job easier. Sometimes 20 minutes, sometimes 50 minutes, this podcast digs into such topics as creating branch experiences that go hand-in-hand with digital ones, identifying risk, and consumer lending. Banking Resources. Lending & Credit Risk.

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DOJ, CFPB and HUD officials outline priorities at industry fair lending conference

CFPB Monitor

At an industry fair lending conference last week, officials from the U.S. Department of Housing and Urban Development (“HUD”) outlined fair lending priorities for their agencies. Patrice Ficklin, Fair Lending Director of the CFPB, was also a keynote speaker. Department of Justice (“DOJ”), the CFPB, and the U.S.

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Preparing for Section 1071

Abrigo

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. The proposed rule , unveiled Sept. Controversial Provisions.

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GAO Issues Report Finding that CFPB Needs to Assess the Impact of Recent Changes to its Fair Lending Activities

CFPB Monitor

Specifically, the report examines how the CFPB has (i) managed the reorganization of its Office of Fair Lending and Equal Opportunity and related risks during 2018, (ii) monitored and reported on its fair lending performance, and (iii) used new HMDA data fields to analyze and support its fair lending activities.

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