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Musings from CUNA’s Government Affairs Conference

ForwardBanker

Last week 5,000 credit union leaders gathered in Washington DC for CUNA’s annual Government Affairs Conference (GAC). Given the heightening battle of legislative tug of war between banks and credit unions, that’s a reasonable use of time. As its name implies, the GAC is heavy on congressional interaction and industry advocacy.

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GonzoBanker Awards 2017

Gonzobanker

THE BANKING AWARDS. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. GonzoBanker of the Year – Large Banks. Credit Union Merger of the Year – Goes to Lake Michigan Credit Union and its CEO Sandy Jelinski for acquiring Florida-based community bank Encore.

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Bipartisan scolding of FASB chief raises lender hopes of softer CECL

American Banker

Lenders grew more optimistic that Congress will undo or narrow the loan-loss accounting standard after members of a House subcommittee assailed Russell Golden for approving the rule without studying its impact on credit availability.

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37 Corporate Innovation Labs In Finance

CB Insights

Working with FCAT, the charity searched for third-party vendors and iterated testing on compliance with legal and regulatory requirements to be able to accept Bitcoin. Intended to mimic the approach of a startup, it aims to find ways to disrupt community banking. PWC — Center for Technology and Innovation (CTI).