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Text Messages From Debt Collectors? Not in My Backyard!

CFPB Monitor

New developments are often opposed by small groups prioritizing their own self-interest over the interests of the community at large. Opt out notices are required in all electronic communications. Community Impact. Some people just don’t like change. Well, it looks like debt collectors may have some NIMBYs of their own.

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Finance Policy Predictions 2020: AML, Authentication, Collections & CRA

FICO

The Telephone Consumer Protection Act (TCPA) has long been a concern to many organizations that are frustrated by their inability to effectively use modern technology to communicate with their customers or members. The road to modernizing the Community Reinvestment Act will include some speed bumps. by Daniel Nestel.

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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). As its name implies, the GAC is heavy on congressional interaction and industry advocacy. Given the heightening battle of legislative tug of war between banks and credit unions, that’s a reasonable use of time.

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GonzoBanker Awards 2017

Gonzobanker

Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. THE BANKING AWARDS. GonzoBanker of the Year – Large Banks.

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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.

Study 56
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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. Fidelity Estate Planner was the brainchild of the FCAT and Labs teams.

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At the Intersection of Banking and Politics

ZootBlog

This can be very tricky because not only do these appointees have to have to be somewhat of an expert in the areas of banking, they must also be able to navigate the political arena in Washington, DC. Voting changes communities. Because our children can’t vote, we have to do it for them. One big reason is voting.