Sun.Mar 10, 2019

What is better: some job or no job?

Chris Skinner

This is an old but true story of my very own. Back in the day, I worked for a computer firm that had a unique piece of hardware and software called the Contents Addressable File Store, or CAFS for short.

Blockchain Front Page: When Crypto Exchanges hold more than your Money

Daily Fintech

Last week our theme was “ Are Apple, Amazon, Google and Facebook the future of banking?

Things worth reading: 11th March 2019

Chris Skinner

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New protections available for minors under 16

CFPB

If you are the parent or child welfare representative of a minor under 16, a new law lets you request a security freeze on their behalf to help protect them from identity theft and fraud. Info for consumers Identity theft Credit reports and scores Youth in foster care Young consumers Financial education

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NCUA at the Crossroads

Keith Leggett's Credit Union Watch

Drew Johnson, senior fellow at the National Center for Public Policy Research, recently wrote that decisions by the National Credit Union Administration (NCUA) have favored large credit unions at the expense of "a wilting number of small neighborhood credit unions committed to serving less-affluent Americans in underserved areas." Johnson cited examples of how these large credit unions are straying from the mission of credit unions.

AI can 'learn,' but it still can't be left alone

Payments Source

As machine learning generally benefits from lots of examples, by the time a model can be implemented to tackle the new threat, the threat has generally moved on, so frequent updates to models are necessary, writes Oliver Tearle, head of research at The ai Corporation. ISO and agent Artificial intelligence Payment fraud Security risk

FHFA chief-to-be's top priority: More capital for Fannie, Freddie

BankThink

Mark Calabria, who could be confirmed as early as this month, is expected to focus on changes to Fannie Mae and Freddie Mac’s conservatorships to let the mortgage giants keep more of their profits. GSE reform Capital requirements Earnings Trump administration GSEs MBS FHFA Fannie Mae Freddie Mac

More Trending

Bank M&A: Few deals, but much drama

BankThink

Just nine bank merger pacts were announced in February, down from 17 in January. But they included the biggest deal in years and some other interesting storylines. Community banking M&A Strategic buyers

Complacency Is Killing Banking Careers

The Financial Brand

Personal self-development is increasingly required for all bank and credit union executives as jobs and responsibilities are disrupted. The post Complacency Is Killing Banking Careers appeared first on The Financial Brand. Culture & Leadership Featured Content culture

Three cost-saving benefits of an outsourced collections program

CU Insight

With a strong economy and an increase in jobs and wages, consumers are more confident when it comes to their spending habits. These spending habits have impacted the number of loans that lenders are offering to borrowers.

Are CMOs Getting Left Out of Banking’s Digital Transformation?

The Financial Brand

Financial marketers must fight for a seat at the digital transformation table, but they must prove they can engineer meaningful changes. The post Are CMOs Getting Left Out of Banking’s Digital Transformation? appeared first on The Financial Brand. Culture & Leadership Featured Content Forrester

House members introduce bill to allow cannabis banking

CU Insight

A bipartisan group on House members on Thursday introduced legislation that would provide credit unions and other financial institutions with a safe harbor from sanctions for doing business with marijuana-related businesses.

The Increased Importance of Self-Development in Banking

The Financial Brand

Personal self-development is increasingly required for all bank and credit union executives as jobs and responsibilities are disrupted. The post The Increased Importance of Self-Development in Banking appeared first on The Financial Brand. Culture & Leadership Featured Content culture

PODCAST: Heroes in action

CU Insight

NAFCU-sought NCUA loan flexibility bill introduced in House

CU Insight

House Financial Services Committee members Lee Zeldin, R-N.Y., and Vicente Gonzalez, D-Texas, today introduced NAFCU-sought legislation that would give the NCUA greater flexibility in setting loan maturity limits under the Federal Credit Union Act. “NAFCU appreciates Representatives Zeldin and Gonzalez for offering this bipartisan legislation to improve credit unions’ members’ access to loans,” said NAFCU President and CEO Dan Berger.

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CUNA engaged w/ Kraninger Senate testimony, flood hearing

CU Insight

With more than 5,000 credit union leaders in Washington, D.C. for CUNA’s Governmental Affairs Conference this week, CUNA will remain fully engaged with hearings in both chambers of Congress this week. This includes a potential partial release of the president’s fiscal year 2020 budget outline. Consumer Financial Protection Bureau Director Kathy Kraninger is scheduled to make her second appearance before Congress this week, in front of the Senate Banking Committee Tuesday.

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