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CFPB: Are They Coming to Get You?

Jeff For Banks

A bank trade association CEO asked me a couple of questions while he was researching an op-ed piece. Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? The edited Q&A is below.

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

The money market mutual fund became a formidable competitor to the bank account. First Internet Bank in Indiana was founded in 1998. They once held all of the keys to the banking kingdom. They are/were the business owners, demanders of capital and loans, and significant depositors. I'm bullish on community banking.

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Deposits: Do you want a relationship or fries with that?

Jeff For Banks

First Internet Bank of Indiana is primarily a pure Internet play that does not enjoy the same brand splash as ING. Fulton Bank, headquartered near my home, follows a traditional commercial bank strategy, pursuing the operating accounts of businesses from areas surrounding their branches.

Indiana 60