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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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JPMorgan (JPM) Chief Executive Jamie Dimon on former New York Governor Elliot Spitzer's return to politics:

"I think the American people have the right to vote for who they want … and I've always had a very good relationship with Eliot Spitzer."

Related: Bankers Resigned to Spitzer's Return

Image: Bloomberg News

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On reports that one of Spitzer's top priorities if elected New York City Comptroller would be separating the roles of chairman and CEO at large banks:

"When I think about any public office, the responsibilities that various officeholders have, I would just kind of scratch my head and say, 'Gosh, should that really be the No. 1 item on their list of things to be concerned about?'" — Wells Fargo (WFC) Chief Financial Officer Timothy Sloan

Related: Bankers Resigned to Spitzer's Return

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On signs that the Consumer Financial Protection Bureau plans to hold banks responsible for abuses by debt collection firms they work with:

"You can't ignore this. It's a freight train." — Paul Joseph, director of business development for McCarthy, Burgess & Wolff, a debt collector in Cleveland

Related: CFPB Moves Full Bore Against Debt Collectors, Bank Partners

Image: Thinkstock

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On why debt collection is on the CFPB's radar:

"We have seen the CFPB prioritize its focus on industries by the total number of consumers those industries touch. … Debt collection is primed to be one of the next areas of focus for that exact reason." — Isaac Boltansky, a policy analyst at Compass Point Research & Trading

Related: OCC's Collections Scrutiny Squeezes JPMorgan

Image: Thinkstock

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Senator Elizabeth Warren (D-Mass.) on why she introduced a bill to bring back a Depression-era law separating commercial and investment banks:

"Banking should be boring."

Related: Warren: 'Banking Should Be Boring'

Image: Bloomberg News

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On why Elizabeth Warren is widely considered to be an enemy of the banking industry despite her support for community banks:

"I would say that most of the angst and fear and the negative feelings about Senator Warren emanate mainly… from the Wall Street side of the financial services industry." — Camden Fine, president and chief executive of the Independent Community Bankers of America

Related: Elizabeth Warren, Champion of Small Banks

Image: Thinkstock

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On why a busy M&A market should help Chicago's Metropolitan Bank Group, which was recently recapitalized by BXM Holdings:

"By the time we're done with [resolving problem assets], hopefully the other banks have merged among themselves and gotten a few competitors out of the way for us." — Robert Herencia, BXM Holdings

Related: Have Patience, Cash Ready: Bank Investor Roberto Herencia

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On why technology vendors often have an advantage in contract negotiations:

"Anyone can look at a contract but you don't have the context to ask the right questions unless you've seen a couple hundred different versions." — Bradley Leimer, vice president of online and mobile strategy, Mechanics Bank in Richmond, Calif.

Related: Four Critical Topics Bankers Should review in IT Contracts

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On why more M&A is inevitable in Pennsylvania:

"A lot of Pennsylvania banks have had a fierce independent philosophy, but economic and regulatory changes … will result in more transactions." — Alan Dakey, president/CEO, Peoples Financial Services

Related: Pennsylvania Banking Market Primed for M&A

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On the importance of marketing wealth-management services to women:

"You would be missing a huge piece of your potential client base if you ignore the decision power already in play from women." — Renee Newman, wealth management director, Sterling Savings Bank in Spokane, Wash.

Related: Small Banks Overlook Wealth Management Opportunity with Women

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On why banks should try to lock customers in to longer-term CDs in anticipation of a rise in interest rates:

"I don't think it's smart to think that liquidity will be there when bankers want it. The wave of liquidity that was moving into banks [after the financial crisis] is starting to turn around and go the other way." — Frank Sorrentino, chairman and chief executive of ConnectOne Bank, in Englewood Cliffs, N.J.

Related: Bankers Rethink Strategies for CDs as Rates Go Up

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