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August

26
2024
Industry News

ANOTHER EWING VICTORY: Court Enters Judgment for Over $31k Against Jacqueline Salazar and DreamStay Solutions, LLC in TCPA/CIPA Case

Anton Ewing is making a ton of noise in TCPAWorld right now. Fresh off a huge $78k default judgment win last week, Ewing is back again to start this week with a smaller–but still significant– $31k+ victory in a suit involving just 6 phone calls.

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August

26
2024
Strategy

Amount CEO: What It Means to Be a FinTech Circa 2024

As we move into the second half of the year, executives may brace for the unexpected. Recent years have brought significant market swings, pandemics and geopolitical instability, each posing unique challenges and opportunities. As CEO of Amount, a software as a service (SaaS) deposit origination, lending and decisioning platform partnering with banks and credit unions, I understand the wild cards that could impact our industry. It’s crucial for Amount and other FinTechs to stay vigilant, dynamic and innovative to best serve financial institutions.

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August

26
2024
Industry News

Cherie Freed Retires From the NCUA

The National Credit Union Administration today announced the retirement of Cherie Freed, regional director of the NCUA’s Western Region, effective August 24, 2024.

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August

26
2024
Compliance

Unlawful funding argument raised in challenge to final CFPB rule

We have previously blogged about how targets of CFPB enforcement actions have asserted that the actions must be dismissed because the investigations were conducted and the lawsuits were brought and are being prosecuted with funds unlawfully obtained from the Federal Reserve Board at a time when the Federal Reserve System had no combined earnings.

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August

23
2024
Strategy

This Week’s Podcast: Why do Fintechs Want to Become Banks?

A great number of fintechs are contemplating owning a bank or obtaining a banking charter—either a national bank charter, a state bank charter or a special purpose charter. In this episode, we are joined by our special guest Michele Alt, co-founder and partner of Klaros Group, an investment and advisory firm, and Scott Coleman, a partner in our Consumer Financial Services Group who leads our banking practice.

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