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Fed reported to have reservations about fintech charter

CFPB Monitor

Last July, the OCC announced its decision to accept applications for special purpose national bank (SPNB) charters from fintech companies. Reuters reports that “many Fed officials fear that these firms lack robust risk-management controls and consumer protections that banks have in place.”

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FICO Awarded Drexel LeBow Analytics 50 Award for the FICO Safe Driving Score

FICO

Can Arkali, senior director of Scores and Predictive Analytics at FICO, was at awards ceremony in Philadelphia in May to accept the award. FICO launched the FICO® Safe Driving Score in 2016 in partnership with global risk management leader, eDriving.

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Guest Post: 2013 Economic Year in Review and Outlook by Banker Dorothy Jaworski

Jeff For Banks

He was just in Philadelphia on January 3rd delivering his last public speech and he nostalgically proclaimed that “the recovery remains incomplete,” which will qualify his comment for the understatement of the year award. The National Association of Business Economics, or “NABE,” is almost as optimistic at close to 3%.

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Guest Post: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

In our local area, we are still seeing modest growth in Philadelphia and surrounding counties. Housing has done well, despite median sales price growth which is less than national averages and lower inventories of properties for sale, which may be propping up prices. Milton Friedman, anyone? Thanks for reading!

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Guest Post: Financial Markets & Economic Update 4Q23 by Dorothy Jaworski

Jeff For Banks

Mortgage rates are now close to 8.00%; affordability is at its lowest point since 1989, according to the National Association of Realtors. Jaworski 10/28/23 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.

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Guest Post: First Quarter Economic Commentary by Dorothy Jaworski

Jeff For Banks

This is another factor that will be considered by the Fed; a strong dollar will support lower interest rates as demand for US securities increases relative to the bonds of other nations. Dorothy Jaworski economic update economy First Fed of Bucks County Jeff Marsico Kafafian Group Philadelphia economy' Only they know for sure.

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Guest Post: First Quarter Economic Review by Dorothy Jaworski

Jeff For Banks

The ice storm that hit our region (Philadelphia Region) with damage and over 700,0000 power outages was perhaps the worst storm. nationally. DJ 04/07/14 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.