Pam Perdue (@regtechdiva) header
Pam Perdue (@regtechdiva) profile picture

Regulatory nerd, Fed alumnus, serial software entrepreneur, musician/actress/writer, lover of life, an enigma wrapped in a conundrum

Atlanta, GA
Joined July 2009
Photo by Pam Perdue (@regtechdiva)Photo by Pam Perdue (@regtechdiva)Photo by Pam Perdue (@regtechdiva)Photo by Pam Perdue (@regtechdiva)Photo by Pam Perdue (@regtechdiva)Photo by Pam Perdue (@regtechdiva)Photo by Pam Perdue (@regtechdiva)Photo by Pam Perdue (@regtechdiva)Photo by Pam Perdue (@regtechdiva)Photo by Pam Perdue (@regtechdiva)
Pam Perdue retweeted
I literally hate how AI has made the average email go from a single paragraph to 4 paragraphs and 12 questions.
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Pam Perdue retweeted
A critical ingredient why the US became the world's economic super-power in our short, 250-year history: banking. New post: jeff4banks.com/2026/08/key-f…
🤖 Made with AI
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Pam Perdue retweeted
It kills me to see posts about the need for financial decentralization while I'm sitting here in my financial institution that is decentralized. 4000+ independent, small banks like mine that have been revolutionaries for our communities while keeping the US financial system safe for centuries. #banksmall
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Community banks are the last place in America where a man in a short-sleeve dress shirt can approve a $400,000 loan based on the fact that he went to high school with your dad. There are 4,100 of them left. There were 14,000 in 1984. Every time one gets acquired, a teller named Brenda learns a new software system and a small town loses the only institution that would lend against a combine. The acquirer always says nothing will change. Brenda is gone in eighteen months. The lobby cookies go next. Then the branch closes. Then the building becomes a vape shop. This is not a financial trend. This is the slow administrative murder of the only version of capitalism that ever knew your name.
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Pam Perdue retweeted
Robert Mueller died last night. He was 81 years old. He had a wife who loved him for sixty years. He had two daughters, one of whom he met for the first time in Hawaii, in 1969, on a few hours of military leave, before he got back on the plane and returned to Vietnam. He had grandchildren. He had a faith he practiced quietly, without performance. He had, in the way of men who have seen real things and survived them, a quality that is increasingly rare and increasingly mocked in the country he spent his life serving. He had integrity. And tonight the President of the United States said good! I have been sitting with that word for hours now. Good. One syllable. The thing you say when the coffee is hot or the traffic is moving. The thing a man who has never had to bury anyone, never had to sit in the specific silence of a room where someone is newly absent, reaches for when he wants the world to know he is satisfied. Good. The daughters are crying and the wife is alone in the house and good. I want to speak directly to the Americans reading this. Not the political Americans. Just the human ones. The ones who have lost a father. The ones who know what it is to be in that first hour, when you keep forgetting and then remembering again, when ordinary objects become unbearable, when the world outside the window seems obscene in its indifference. I want to ask you, simply, to hold that feeling for a moment, and then to understand that the man you elected looked at it and typed a single word. Good. This is not a country having a bad day. I need you to understand that. Countries have bad days. Elections go wrong. Leaders disappoint. Institutions bend. But there is a different thing, a rarer and more terrible thing, that happens when the moral center of a place simply gives way. Not dramatically. Not with a single catastrophic event. But quietly, in increments, until one evening a president celebrates the death of an old man whose family is still warm with grief, and enough people find it acceptable that it becomes the weather. Just the weather. That is what is happening. That is what has happened. The world knows. From Tokyo to Oslo, from London to Buenos Aires, people are not angry at America tonight. Anger would mean there was still something to fight for, some remaining faith to be betrayed. What I see, in the reactions from everywhere that is not here, is something older and sadder than anger. It is the look people get when they have waited a long time for someone they love to find their way back, and have finally understood that they are not coming. America is being grieved. Past tense, almost. The idea of it. The thing it represented to people who had nothing else to believe in, who came here with everything they owned in a single bag because they had heard, somehow, across an ocean, that this was the place where decency was written into the walls. That idea is not resting. It is not suspended. It is being buried, in real time, with 7,450 likes before dinner. And the church said nothing. Seventy million people have decided that this man, this specific man who has cheated everyone he has ever made a promise to, who has mocked the disabled and the dead and the grieving, who celebrated tonight while a family wept, is an instrument of God. The pastors who made that bargain did not just trade away their credibility. They traded away the thing that made them worth listening to in the first place. The cross they carry now is a costume. The faith they preach is a loyalty oath with scripture attached. When the history of American Christianity is written, this will be the chapter they skip at seminary. Now I want to talk about the men who stand next to him. Because this is the part that actually breaks my heart. JD Vance is not a bad man. I have to say that, because it is true, and because the truth matters even now, especially now. Marco Rubio is not a bad man. Lindsey Graham is not a bad man. They are idiots, but not bad, as in BAD! These are men with mothers who raised them and children who love them and friends who remember who they were before all of this. They are not monsters. Monsters are simple. Monsters do not cost you anything emotionally because there is nothing in them to mourn. These men are something more painful than monsters. They are men who knew better, and know better still, and will get up tomorrow and do it again. Every small compromise they made had a reason. Every moment they looked the other way had a justification that sounded, at the time, almost reasonable. And now they have arrived here, at a place where a president celebrates the death of an old man and they will find a way, on television, to say nothing that means anything, and they will go home to houses where children who carry their name are waiting, and they will say goodnight, and they will say nothing. Their oldest friends are watching. The ones who knew Rubio when he still believed in something. Who knew Graham when he said, out loud, on the record, that this exact man would destroy the Republican Party and deserve it. Who sat next to Vance and thought here is someone worth knowing. Those friends are not angry tonight. They moved through anger a long time ago. What they feel now is the quiet, irrecoverable sadness of watching someone disappear while still being present. Of watching a person they loved choose, again and again, to become less. That is what cowardice costs. Not the coward. The people who loved him. And in the comments tonight, the followers celebrate. People who ten years ago brought casseroles to grieving neighbours. Who stood in the rain at gravesides and meant the words they said. Who told their children that we do not speak ill of the dead because the dead were someone's beloved. Those people are tonight typing gleeful things about a man whose daughters are not yet done crying. And they feel clean doing it. Righteous. Because somewhere along the way the thing they were given in exchange for their decency was the feeling of belonging to something, and that feeling is very hard to give up even when you can no longer remember what you gave for it. When Trump is gone, they will still be here. Standing in the silence where the noise used to be. Without the permission the crowd gave them. Without the pastor who told them their cruelty was holy. They will be alone with what they said and what they cheered and what they chose to become, and there will be no one left to tell them it was righteous. That morning is coming. Robert Mueller flew across the Pacific on military leave to hold his newborn daughter for a few hours before returning to the war. He came home. He buried his dead with honour. He served presidents of both parties because he understood that the institution was larger than any one man. He told his grandchildren that a lie is the worst thing a person can do, that a reputation once lost cannot be recovered, and he lived that, every day, in the quiet and unglamorous way of people who actually believe what they say. He was the kind of American the world used to point to when it needed to believe the story was true. He died last night. His wife is alone in their house in Georgetown. His daughters are learning what the world is without him in it. And somewhere in the particular hush that falls over a family in the first hours of loss, the most powerful man and the biggest loser on earth sent a message to say he was glad. The world that loved what America was supposed to be is grieving tonight. Not for Robert Mueller only. For the country that produced him and then became this. For the distance between what was promised and what was delivered. For the suspicion, growing quieter and more certain with each passing month, that the America people believed in was always partly a story, and the story is over now, and there is nothing yet to replace it. That is all it needed to be. A man died. His family is broken open with grief. That is all it needed to be. Instead the President said good. And the country that once stood for something looked away 🇺🇸 Gandalv / @Microinteracti1
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Banks issued a record amount of sub debt in 2020-21. That debt is set to reprice soon, forcing bankers to consider their options in a radically different rate environment. Read my latest!
Billions of Sub Debt Set To Reprice, Forcing Banks To Explore Options – Read @khaslett's latest here: bankdirector.com/article/bil… #SubDebt #Banking #BankStrategy
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Run, don’t walk, to wherever you listen to podcasts because this one is about life as a fintech lawyer, the 1033 rule, AI in financial services, and several other topics you didn’t even know you cared about until now podcasts.apple.com/us/podcas…
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ALERT: (3:10 PM) NEW EVACUATION SITE: SCOUT CAMP: 218 Scout Rd. Covington, GA 30016 ALERT ( 1:10 PM): Evacuate the area if you are inside this zone. I-20 will be blocked in both directions between Salem Rd and Turner Hill. Call EMA hotline for assistance 770-278-8300.
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Pam Perdue retweeted
Prepping for a decade of bad takes on Synapse/BaaS. Nope, it’s not a ledger/tech issue. Nope, it’s not the regulatory framework. Maybe (maybe), venture shouldn’t deploy hundreds of millions to folks without experience in financial services.
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Early stage B2B tech startups don’t invest enough in marketing [peer-reviewed study] swordandthescript.com/2024/0…

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Here's my thing. Credit is a social good --> Facilitating access to credit requires the ability to fairly and accurately price risk --> Anything that inhibits the ability of lenders to fairly and accurately price risk is a problem This is why I don't like it when pay-in-4 BNPL providers don't furnish data to the credit bureaus or when fintech companies launch bullshit credit builder products.
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Before there was email, there were pneumatic tube systems, like the one incorporated into the design of the St. Louis Fed’s headquarters building. Take a look back at the technological marvels the Fed has adopted over 100 years ow.ly/U46N50QtKZh
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What's in store for #NYFinTechWeek (Apr 8-12) and the Empire FinTech Conference (Apr 10)? We're glad you asked... 👀👇▶️ (Skipify, @AgeTechCollab, @ThinkRiseGlobal, @FinnovateIo, @DuploCloud, @WaveHQ, @mikulaja, @AlexH_Johnson, @nicolecasperson, @zachpettet + more.)
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Pam Perdue retweeted
Another Evolve Bank & Trust partner, FloatMe, hit with FTC regulatory action, $3 million fine: While the regulatory action isn't directly related to the secured charge card product FloatMe partners with Evolve to offer, it is the latest of the bank's partners to run in to legal or regulatory problems. Earlier this week, FloatMe, which offers small cash advances for a monthly subscription fee, and company cofounders Joshua Sanchez and Ryan C. (Ryan Cleary) as officers of the company and in their personal capacity, reached a stipulated order with the FTC. The FTC's allegations are similar to those faced by fellow cash advance app Brigit late last year. The FTC allegations against FloatMe, Sanchez, and Cleary include: -that the company knowingly misrepresents that users can get up to a $50 advance "instantly," even though users only qualified for $20 upon enrolling -that the company told users they could qualify for "automatic" increases if they stayed enrolled, when there was no such automated process or algorithm -that, after paying a monthly fee of $1.99, users could get "instant" advances with no hidden fee -- but required an undisclosed instant transfer fee of $4 for a $20 advance (equivalent to a 520% APR on an advance repaid in two weeks) -that the company charged consumers without consent, including, for example, assessing multiple subscription fees for the same period -that users could "cancel anytime for any reason," but that the company made it unreasonably difficult to do so as an intentional customer retention strategy -and that the company illegally discriminated against users whose source of income was public assistance benefits, including Social Security The FTC argues the company and its officers' alleged actions violated the Restore Online Shoppers Confidence Act (ROSCA), the FTC Act's prohibition on unfair and deceptive acts and practices (UDAP), and the Equal Credit Opportunity Act (ECOA.) FloatMe CEO Joshua Sanchez commented on the settlement, telling me: "The FTC has presented us in the worst light possible and without context, which is far beyond the truth. We disagree with the assertions and have admitted no wrongdoing, and we settled to avoid the ongoing expense and distraction of litigation. All of our energy is directed toward our mission of providing a customer-focused, alternative consumer funding source without the onerous overdraft fees and predatory lending practices that pervade consumer finance." The FloatMe case suggests additional actions against others that offer small cash advances are possible and should serve as a warning to companies like Dave, MoneyLion, SoLo Funds, klover, and numerous others. Stay tuned for Sunday's Fintech Business Weekly for a deeper analysis on this case.
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Banks with legacy cores trying to do BaaS be like:
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What is ignored or neglected by the media -- but will be studied by historians? Here's the full list of 25 examples:
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Pam Perdue retweeted
america can't build, east asia can't breed, europe can't do business, and most of the rest of the world can't get rich the world is changing too fast for anyone to figure out what a functional society looks like, under the conditions of modern technology
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Republicans are so flabbergasted over their inability to connect with young voters it’s almost comical. You wanna know why they hate you and upwards of 90% of them will never vote for you @GOP? I’ll break it down for you (Thread)
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Pam Perdue retweeted
FDIC and OCC Announce 30-day Extension of Comment Period for Proposed Changes to Community Reinvestment Act Rules dlvr.it/RQMYCp
Speech by Governor Brainard on strengthening the Community Reinvestment Act by staying true to its core purpose @urbaninstitute go.usa.gov/xpJ3V Watch live: urban.org/events/conversatio…