Monthly Archives - May 2023

Regulatory news & conference coverage in top stories of May ’23

Expert discusses preparing for CRA modernization Jason Keller, associate director of U.S. Advisory Services with Wolters Kluwer Compliance Solutions and former community and economic senior advisor at the Federal Reserve Bank of Chicago, spoke with Dodd Frank Update about the upcoming Community Reinvestment Act modernization rules and what lenders can do to get ready for any changes.  

Dodd Frank Update: Experts discuss AI as the next frontier of fair lending; Wells Fargo to pay another billion-dollar settlement

Monday, May 22, 2023 Experts discuss AI as the next frontier of fair lending At CBA Live, hosted by the Consumer Bankers Association, Dodd Frank Update sat in on a discussion with experts about the next frontier in fair lending: artificial intelligence (AI). The panel of experts discussed the ways AI is being used in...

The Best States for Retirement

By: Brad Beckett Citing data from WalletHub, the Visual Capitalist visualizes in a fancy bar chart the best states for people to retire in.  The rankings are based on 47 different metrics across three dimensions.  Indeed... According to their list Virginia, Florida and Colorado are battling it out for the top spot.  Stay safe and...

Here We Go Again!

by Jeffery S. Watson Dear Anna, The content in this email is a reprint of an article I wrote a couple of years ago in response to a Facebook post containing misinformation from a so-called wholesaling “guru”. I want to get this information out there again because I recently had the opportunity to share my response with the authors of the ProPublica story...

What Silicon Valley Bank’s Failure Can Teach Us about Retirement Planning

by Charles Renwick | March 16, 2023 INVESTING & RETIREMENT On March 10, 2023, Silicon Valley Bank (SVB) failed. This was the second-largest bank failure in American history. SVB primarily served tech industry start-ups and they were widely considered an important part of our nation’s banking sector. The failure of SVB is likely due to many causes and events but the...