Terrific reporting here by Brendan Pedersen on an under-the-radar issue that has real consequences for low-income communities.
Alan Kline
@alankline14
Senior Editor, Washington Business Journal
akline@bizjournals.com
Alan Kline’s Tweets
Enjoyed stepping onto the other side of the mic for this epsiode.
Also, the first few minutes contains a deeply funny audio edit at my expense and if that's not enough to get you to listen, idk what to tell you!
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Banks have fought hard against a proposal to require them to report some account data to the #IRS but the fight is far from over.
Peep the latest @BankshotPod here: americanbanker.com/podcast/banks-
Feat. @BrendanPedersen @ABABankers @ICBA @CharlesRossotti
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The pace of CEO retirements at banks and credit unions has picked up in the last half of 2021 and should be “quite brisk” in 2022 and 2023.
If you are looking for a good podcast to listen to during your next workout, check out this one from about remittances and why many banks are so reluctant to offer them. americanbanker.com/podcast/what-w
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Great story here by John Reosti that raises an important question: Should SBA be in the business of making loans directly to small businesses?
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Vaccine mandates? Testing? Banks are taking a wide range of approaches to the delta variant.@jpmorgan@Citi@WellsFargo@GoldmanSachs@PNCBank2TruistNews@CapitalOne@FifthThird@CitizensBank@Ally@keybank@askRegions@synchrony@Commerica
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“We have asked our team members to lead by example by either not wearing masks or wearing clear face coverings in our traditional branches,” said Michael Poulos, CEO of Michigan First Credit Union. @MichiganFirstCU
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Gripes about cryptocurrency are flooding the . "Crypto is an area ripe for the CFPB to test the waters,” said Katherine Kirkpatrick, a partner in the special matters and government investigations practice at King & Spalding. #Cryptocurency
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JPMorgan reshuffles leadership as Gordon Smith announces retirement
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Great, very thoroughly reported podcast here from on the practicality of stress-testing banks for climate change. americanbanker.com/podcast/regula
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“In some ways, I think the fintech world woke everybody up to this,” said Melissa Stevens, Fifth Third’s chief digital officer.
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“I think this summer is going to be a hiring boom. I think there’s going to be a lot of turnover and a lot of attrition, but also an opportunity to get some really good people,” one HR professional told .
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people who have been locked up due to cannabis. It's a good move to try to include other cannabis-related items in it, so I think expanding [the bill] is not a bad idea. But access to banking is of the upmost importance to the industry now for transparency and accountability.
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. CEO Sundie Seefried on the idea of broad cannabis reform impacting the SAFE Banking Act: I absolutely think it's essential that other things are considered in this bill to include the decriminalization and social-equity aspect in terms of the number of
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Three months into the Biden presidency, the White House has yet to make a single public remark on who will lead the national bank regulator, temporarily or otherwise. Analysts say that inaction may carry a significant cost the longer it drags out.
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PayPal's market cap is larger than all than but two U.S. banks. It’s the first Big Tech firm to publicly provide a comprehensive vision of its plans in financial services. “I think PayPal is the threat,” a consultant said. “They’re in the catbird’s seat.”
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6 things banks, community groups want in next phase of CRA reform
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. isn't the only bank with a new CEO. Since late last year, at least eight others have replaced their chief executives or will do so by May 1. Here's an update.
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Great story here by Hannah Lang on the national debt. It's the cover feature in the March issue of American Banker Magazine.
CRE lenders’ growing fear: Office workers won’t come back
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Bank trade groups urged to rethink political giving after Capitol riot
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Banks' latest green battle: Plastics pollution
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Bank M&A was largely dormant in 2020. Here's why we think it's poised for a comeback in 2021.
It’s official. Happy to be joining the Bloomberg family as their New York/NJ correspondent starting in January. Bring on the tax, econ, budget wonk. DMs are open #TwitterTax.
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"It would be most helpful to be able to have the option of the vaccine for at least our frontline, customer-facing employees,” says the CEO of a bank where a third of workers have at one point tested positive. trib.al/T1itRiR
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Protests, CRA revamp, fintechs' payday: The year in banking (Part 2)
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Lockdowns, PPP, Citi's historic move: The year in banking (Part 1)
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E-commerce surge rekindles debit fee fight between merchants and industry
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What delayed election outcome means for banks
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How long banks stay boarded or closed is anyone's guess, said John Friedlander, senior manager of Kroll's security risk management practice. "It's possible that it will be several weeks," he said.
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Beam Financial vanishing act a cautionary tale for partners of fintechs trib.al/aNqDQwP
Bank employees have donated more to Biden than Trump. Like, a lot more.
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The Most Powerful Women in Banking trib.al/TohxjAC
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Oops. Forgot to include the link to that excellent podcast by and about the flood insurance program and what needs to be done to fix it. americanbanker.com/podcast/why-wo
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Excellent podcast here from and about the broken national flood insurance program and what it will take to fix it. Every member of Congress should listen to it.
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Results-driven Fraser just the ticket for fixing Citi, associates say
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"Should this become a priority, there's a very clear set of actions the market should expect to see from financial regulators and supervisors."
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