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Compliance

Planned new rule will address legal uncertainty regarding which entity owns a loan that it sold by a bank to a third party
The bank has put all the fees it generated from the PPP into the pandemic recovery fund
Banking industry regulators have moved to temporarily reduce the amount banks will have to pay to fund the oversight agencies
Large credit unions are going outside of their remit to buy up smaller banks without sufficient scrutiny, the association has argued
COO Brian Brooks is to take over as acting Comptroller from June 1 as Otting completes his two-and-half year term
The bank’s consumer lending arm has agreed on a settlement with 33 states and the District of Columbia over legacy car loan practices
A temporary rule change will allow the largest US lenders to expand their balance sheets further to help companies and households through the pandemic
The SBA has published details of how borrowers using the $669 billion lending program can have their loans forgiven
Officials have dumped an enormous amount of money into the economy in a matter of weeks. That means the environment is ripe for fraud.
Data indicates that banks have earned more than $20 billion in fees from processing PPP loans so far

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Banking Exchange Interview with
Rachel Lewis of Stock Yards Bank

As part of the Banking Exchange Interview Series we and SkyStem are proud to present our interview with Rachel Lewis, Assistant Controller at Stock Yards Bank & Trust.

In this interview, Banking Exchange's Publisher Erik Vander Kolk, speaks with Rachel Lewis at length. We get a brief overview of her professional journey in the banking industry and get insights into what role technology plays in helping her do her work.

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