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The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

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On the Consumer Financial Protection Bureau's efforts to prevent online payday lenders from accessing the banking system:

"Not only do we have a shadow banking system, but it seems we have a shadow regulatory system as well." — Rep. Blaine Luetkemeyer, R-Mo

Related: House Lawmakers Press Regulators on Volcker, Payday Lending

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On why community bankers should be skeptical of M&A consolidation advocates:

"Nine times out of ten, there's a profit motive behind it." — Camden Fine, president of the Independent Community Bankers of America

Related article: ICBA Objects to Investment Banking's View of M&A

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On why Georgia banker John Poelker is the right choice to lead CertusBank, which recently ousted its founding executives after heavy losses and allegations of mismanagement:

"He does not put lipstick on pigs." — Rod Taylor, founding partner with recruitment firm Taylor & Company in Atlanta

Related article: New Certus CEO Faces Tightrope Act

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On a proxy filing by activist investor Joseph Stilwell showing Harvard Illinois Bancorp's (HARI) then-chairman asleep during the bank's 2013 annual meeting:

"Mr. Stilwell, we don't want to wage this proxy contest in the gutter." — the board of Harvard Illinois Bancorp, in a letter to shareholders

Related article: Activist Circulates Photo of Napping Chairman in Fight with Ill. Bank

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On why $300 billino-asset PNC Financial Services (PNC) should be considered a traditional commercial bank:

"We are not a big proprietary trader. We are not in 56 different countries. We don't store aluminum in some unlabeled warehouse in the middle of the country." — Bill Demchak, CEO of PNC Financial

Related: What PNC's Demchak Really Thinks About D.C. Policy Issues, M&A

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On the personal cost of dealing with JPMorgan Chase's (JPM) extensive legal and regulatory problems over the past year:

It was "[t]he most painful, difficult and nerve-wracking experience that I have ever dealt with professionally." — Jamie Dimon, CEO of JPMorgan Chase

Related: Time to Move Past nerve-Wracking 2013, Dimon Tells Shareholders

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On whether he still enjoys his work as JPMorgan Chase's CEO:

"Yeah." — Dimon

Related: JPMorgan's 1Q Slump Shows Just How Little Fun Banking Is Anymore

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On the Federal Reserve's rejection of Citigroup's (NYSE:C) Comprehensive Capital Analysis and Review, or CCAR, plan:

Comprehensive Capital Analysis and Review, or CCAR, plan: "Let me be clear. Whatever the gaps are between the Fed's expectations and our CCAR process, we'll close them." — Michael Corbat, Citigroup chief executive officer

Related article: Citi Faces Mounting Tab to Fix Regulatory, Operational Issues

(Image: Bloomberg News)

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On why the qualified-mortgage rule limits the options of his bank's customers, many of whom are Chinese immigrants:

"They may be very established in China. They may have received their green card[s] and be buying their first home and can put 60% down. But they may not even have an employment record in the United States." — Alan Thian, CEO of Royal Business Bank in Los Angeles

Related: Immigrants Emerging as Unintended Victims of QM

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On why payments companies have been quick to adopt alternative digital currencies, or "altcoins":

"It's a land grab right now. The first payment provider to accept altcoins is in a good position." — Ben Doernberg, a member of the Dogecoin Foundation

Related article: Why Currency Based on an Internet Joke Should Be Taken Seriously

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On retailers' limited participation in the merchant-funded rewards programs being pushed by small banks:

"Without enough [merchant offers], it's like shopping at a mall where half the storefronts are shuttered." — Ben Rogers, research director at Filene Research Institute, a think tank for credit unions

Related: Buzz Points Seeks More Bank Partners for Debit Rewards Programs

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