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8 Lessons From The Jamie Dimon Shareholder Letter

South State Correspondent

Lesson 2: Leadership Matters Jamie Dimon cites military decision making referring to the term OODA loop (observe, orient, decide, act) that we have written about HERE. Jamie states that the secret sauce to leadership is to “have a heart.” The bank holds the #1 market share for multifamily lending.

Community 195
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Expected changes at CFPB under new leadership highlighted in Ballard Spahr webinar

CFPB Monitor

The webinar looked at the changes that the CFPB is likely to undergo under the leadership of Messrs. Mr. Cordray expects Mr. Uejio to put the CFPB on a path that is more in line with the agency’s vision for carrying out its mission that prevailed under Mr. Cordray’s leadership.

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Brad M. Bolton: Compliance as a focal point

Independent Banker

In today’s intense regulatory landscape, compliance extends to every aspect of banking, so much so that no one person or team can be solely charged with managing a bank’s compliance requirements. Managing compliance is a role that community bankers take more seriously than any other segment of the financial services industry.

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CFPB Fall 2021 Supervisory Highlights looks at credit cards, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittance transfers

CFPB Monitor

The report discusses the Bureau’s examinations in the areas of credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittances that were completed between January 2021 and June 2021. Credit card management. Fair lending.

Lending 78
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GAO Issues Report Finding that CFPB Needs to Assess the Impact of Recent Changes to its Fair Lending Activities

CFPB Monitor

Specifically, the report examines how the CFPB has (i) managed the reorganization of its Office of Fair Lending and Equal Opportunity and related risks during 2018, (ii) monitored and reported on its fair lending performance, and (iii) used new HMDA data fields to analyze and support its fair lending activities.

Lending 78
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Southern Bancorp is building wealth for everyone

Independent Banker

approached him about a leadership position in 2013. Relyance is working to increase its mortgage lending but sometimes isn’t able to make loans for some customers. Under the newly launched partnership, Relyance refers customers to Southern Bancorp Community Partners for counseling. Assets: $2 billion. Location: Arkadelphia, Ark.

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Best Community Banks to Work For 2022

Independent Banker

When a community bank’s employees refer to it as “a second family,” it speaks volumes, and that’s exactly what we heard from the team at Bank of Montana in Missoula, Mont. Swenson’s goal has been to create a team of individuals who can manage themselves but also function well together. He always refers to us as his coworkers.