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Podcast: How Multigenerational Directors and Engaged Employees Drive Bank Independence

ABA Community Banking

For nearly 200 years, Millbury National Bank has stayed independent as a commercially focused community bank in Massachusetts. Part of that independent tradition owes to the bank's history of multigenerational stewardship.

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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 195
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Could Loophole Help Explain Rise in Credit Unions' Business Lending?

American Banker

A study commissioned by the Massachusetts Bankers Association found a correlation between a spike in credit unions with low-income designations and an increase in member business lending in the state.

Lending 31
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The Case For Localizing Mom-And-Pop Investment

PYMNTS

Exploring the importance of the small business through the lens of its immediate community is a critical component of promoting education among entrepreneurs. According to Mathews, MainVest aims to encourage local investors to invest in businesses of their own community. This is beneficial in more ways than one, he noted.

Capital 145
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Industry trade groups urge HUD to make significant changes to its disparate impact rule; state attorneys general oppose changes

CFPB Monitor

Supreme Court ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. The trade groups’ views are set forth in comment letters submitted to HUD in response to its advance notice of proposed rulemaking seeking comment on the need for revisions to the Rule following Inclusive Communities.

Groups 68
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State AGs urge Mulvaney to continue use of disparate impact theory of ECOA liability

CFPB Monitor

57, disapproving of the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” because of race, color, religion, sex, handicap, familial status, or national origin.”. because of race, color, religion, sex, handicap, familial status, or national origin.”.

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Bankers and Strategic Bets. A Slow Embrace.

Jeff For Banks

Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? billion in assets Massachusetts bank developed Zrent so it's landlord customers could more efficiently collect rent from tenants. Did I get caught up in the change-or-die crowd? Was I, gulp, a futurist? Leader Bank - A $1.2

Apple 66