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CFPB announces advisory committee members

CFPB Monitor

Eric Kaplan, Director of the Housing Finance Program, Milken Institute (Washington, DC), was appointed to serve as CAB Chairperson. Jean Setzfand, Senior Vice President, AARP (Washington, DC). Rebecca Steele, President/CEO, National Foundation for Credit Counseling (Washington, DC). Bank (Minneapolis, MN).

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FICO World Panel: The Long and the Short of It

FICO

“Success comes from a thoughtful combination of long term strategy and short term delivery,” said Ivan Cavinato, head of credit risk management at Unicredit. Our business case was based on increasing revenue, reducing operating cost and improving risk cost,” said Ivan Cavinato, head of credit risk management at Unicredit.

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Decision Fundamentals: Capturing Subject Matter Expertise

FICO

Last month at FICO World 2016 in Washington, DC, I had the pleasure of delivering a keynote address. Over the next few weeks I’ll blog about each of these principles, starting here with the most basic tenet of decision management: capturing subject matter expertise. Capturing Subject Matter Expertise. MedScheme DRAWs down complexity.

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Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

In another easing action dubbed “Operation Twist,” the Fed stated that they will sell $400 billion of their shorter securities (less than 3 year maturities) and buy the same amount of longer securities (6 to 30 year maturities) by June, 2012. This will act like a tax cut at just the time when it seems Washington DC will not provide one.

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Dodd/Frank-CFPB: Small Business Lending Data Collection Rule

Abrigo

Some bankers on the business side of financial institutions, especially the small business side, are surprised that the Equal Credit Opportunity Act applies to the commercial side of lending and are unaware of best practices that can lessen risk in that space, he said. This will be a shock on the lending side,” he said.

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AI Will Put 10 Million Jobs At High Risk — More Than Were Eliminated By The Great Recession

CB Insights

Early-stage food-preparation startups using robotics and AI are proliferating, and operating in both B2B and B2C models. Its self-checkout and ordering process is gaining popularity, and Eatsa has expanded beyond San Francisco to New York and Washington DC. Robot-run warehouses are already in operation. in funding.