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Community Banking According to Andy

Jeff For Banks

He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. It covers all the CAMELS components the regulators grade banks on. One of my tweeps (Twitter friends), is Andy Schornack, CEO of Flagship Bank Minnesota, based in Wayzata.

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Why now is the time to update your bank’s corporate governance

Independent Banker

During the pandemic, many community banks needed to change how they operated. It can clarify roles and responsibilities, encourage timely communication and help community banks operate more efficiently. When the pandemic hit in early 2020, mitigating risk took on a whole new meaning for community banks. By Susan Springer.

Oregon 91
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CFPB’s Taskforce on Federal Consumer Financial Law releases report

CFPB Monitor

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes.

Report 78
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Fraud prevention and detection: Empowering clients through education

Abrigo

Start with these seven key takeaways: Recognize phishing attempts: Clients should understand common tactics used in phishing and exercise caution with emails by checking the sender’s address for anything unusual. Some options include: In-person fraud prevention seminars, either held at a branch location or a local community center.

Fraud 195
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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Perficient Bright Paths is a program designed to advance STEM education and career opportunities for underrepresented constituencies and communities. Technology Stack: Flask, SQLAlchemy, Bootstrap, ForeignKeys, Jinja | APIs Used: Used data from “California regulations of possibly harmful products”, which was a CSV file.

Milwaukee 348
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Bank Earnings Are Toast – It’s Time to Take Bold Action

Gonzobanker

They may be looking for a dance partner or hiding from a regulator. However, a lack of solid earnings trends leads to bad things when shareholders, board members and regulators begin to express their concerns and potentially disrupt the direction of the institution. 25% 140 banks will have capital levels that have fallen below 8%.

Lending 104