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Maryland Revises Evaluation Rules and Offers Alternative Methods of Determining Creditworthiness

CFPB Monitor

Maryland has enacted legislation that revises the rules of determining creditworthiness. On May 30, 2021, Maryland Governor Lawrence J. Hogan (R) signed HB1213 into law, which adds to Maryland Code Ann. Financial Institutions (FI) ยง 1-212.

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How community banks can leverage payment trends

Independent Banker

Community bankers and industry experts share how to best put this data to use. billion-asset First State Community Bank in Farmington, Mo. To use data effectively, community bankers need to balance the information with what they know to be true about their customers. All data creates a competitive advantage. The results?

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Career in Banking Advice from The Pro's

Jeff For Banks

A career banker with multiple financial institutions, including the long-admired Mercantile from Maryland, Mike elevated up the credit and lending vertical to his current position. Kevin was a regulator before becoming senior lender at Rosedale, and ultimately to his current position. Mark Semanie, Maryland Market President, Wesbanco.

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Super apps: The rise of an all-in-one platform

Independent Banker

What are they, and how can community banks stay on top of this trend? Community bank considerations. So, what does this intersection of regulation and technology competition mean for community banks? In addition, community banks need to evaluate their partnerships with fintechs and other third parties.

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Sageworksโ€™ speakers tackle tough banking topics

Abrigo

Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and industry professionals. See upcoming regional and national events hosted or attended by Sageworks here.

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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. It took 44 years for the law to catch up to modern technology, but the CFPB finally did it in 2021 with Regulation Fโ€™s guidelines for FDCPA-compliant electronic communications like email and text messages.

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Are the regulators getting you down?

Jeff For Banks

The productive view about the similarity of EAs is why havenโ€™t we been doing some of the things required by regulators in the first place? Banking is a highly regulated industry, and has been since the Great Depression. Given the highly regulated environment, bankers are kept in a tight box of things they can and canโ€™t do.