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A man films the exterior of the Federal Deposit Insurance Corp. headquarters in Washington, D.C., U.S., on Tuesday, Sept. 29, 2009. The FDIC, seeking to replenish deposit reserves as banks fail at the fastest pace in 17 years, today voted to unanimously to have lenders prepay fees through 2012 raising about $45 billion. Photographer: Andrew Harrer/Bloomberg
On The Bancorp disclosing an $8.6 million fine for alleged Bank Secrecy Act violations tied to a 2014 consent order from the FDIC:

"Five years to remedy a consent order? No wonder another fine is likely. Don't try the FDIC's patience! "

Related: The Bancorp warns of looming BSA-related civil money penalty
Regions Bank
Regions Financial said that the Expresso communications platform will allow its corporate clients to manage the entire lifecycle of accounts receivable from a single platform.
On Regions Financial's change of heart in considering acquisitions after competitors recently struck a deal:

"Don’t do it Regions! You will have to pay a premium, and nobody wants your stock currency in exchange."

Related: Regions Financial rethinking M&A after First Horizon-Iberiabank deal
Department of Housing and Urban Development
Signage stands outside the U.S. Department of Housing and Urban Development (HUD) headquarters in Washington, D.C. Photographer:
On HUD promoting a former CFPB official to Ginnie Mae despite his racially charged writings in a blog more than a decade earlier:

"Sheesh, we get it. ... Thought crimes should be codified first if we are demanding that people be prevented from holding down a job."

Related: HUD promotes former CFPB official criticized for blog posts
Sen. Elizabeth Warren, D-Mass.
Senator Elizabeth Warren, a Democrat from Massachusetts and 2020 presidential candidate, speaks during the Democratic National Committee (DNC) Summer Meeting in San Francisco, California, U.S., on Friday, Aug. 23, 2019. More than a dozen presidential candidates are descending on San Francisco this week to try and wow DNC members at their annual summer meeting. Photographer: Michael Short/Bloomberg
On presidential hopeful Sen. Elizabeth Warren, D-Mass., calling to tax banks to fund her Medicare plan:

"I don't understand how targeting taxes on the financial sector makes for medical costs safer and more secure. How about targeting the medical community?"

Related: Warren won't let banks escape health care debate
shorthand_bankshot_ep6
close up hand of business giving or paying money US dollar bill
On First Bank of Berne in Indiana making a rare move for the industry by agreeing to acquire Adams County Credit Union:

"Isn’t it true that the members of Adams County CU can currently avail themselves of the services and products of First Bank of Berne?"

Related: Indiana bank lines up rare credit union acquisition
Payments RTP
View of a Man holding a contactless credit card payment concept 3d rendering
On community banks that still hesitate to offer digital services:

"This is a very useful piece. Well done. Great insight from the panelists."

Related: Small banks resisting digital (yes, they exist) warned to wise up
Rachel Witkowski
Tech reporter, Financial Planning
Enforcement actions Enforcement AML M&A Strategic buyers Medicare Tax Community banking Digital Transformation Digital banking Elizabeth Warren FDIC Regions Bank
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