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Kristen Larson joins Ballard Spahr’s Consumer Financial Services Group

CFPB Monitor

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

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Education: By Popular Demand

Independent Banker

These in-depth and timely professional development programs are designed exclusively for community bankers and led by nationally recognized industry experts who know the issues community banks grapple with. It is the only nationally recognized leadership event designed especially for middle- and upper-level community bank executives.

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Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

CFPB Monitor

Ballard Spahr LLP has submitted a comment letter to the OCC in support of its proposed rule , “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”). Three virtually identical Federal Interest Statutes govern interest that may be charged by Banks: Section 85 of the National Bank Act (“NBA”), 12 U.S.C. §

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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Congrats on a brave move and national recognition Jim!

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Data Dive: FedEx Competes, BoA Automates And Hackers Hack … Everyone, Including Each Other

PYMNTS

The new automated branches — apart from being employee-free — are also smaller and more technologically decked out than their standard counterparts. Bank of America opened 31 new branches in 2016 and, as of today, operates 4,579 financial centers. The Week In Hack Attacks. That’s probably one of the biggest numbers I’ve heard.”.

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The 2019 GonzoBanker Awards

Gonzobanker

There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. A finance pro who was not afraid of technology, Trylko brought respect and class to every endeavor he undertook. GonzoBankers, 2019 was a year of extremes. billion of assets under management.

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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

Target has invested in technology and acquisitions to keep its digital assets in-house. So far, it looks like Walmart could steal a few pages from its Minneapolis-based neighbor. Q3 increase in eCommerce sales: Walmart, 79 percent; Target, 154 percent. The difference here can be attributed to the business models for each company.