Pam Perdue

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

[Pam Perdue @regtechdiva]

@khaslett Pre-emption nerds unite!

[Pam Perdue @regtechdiva]

@khaslett Watching hardcore techbros wrestle with basic banking concepts that have been around for 1.5 centuries does surely amuse me

[Ryne Ring @ryring]

I literally hate how AI has made the average email go from a single paragraph to 4 paragraphs and 12 questions.

[Jeff Marsico @JeffMarsico]

A critical ingredient why the US became the world's economic super-power in our short, 250-year history: banking. New post: https://t.co/tEjKBnBoAf

[Pam Perdue @regtechdiva]

@khaslett Cancelled? Lauded! You speak the truth.

[Pam Perdue @regtechdiva]

@RogueCfpb Did you just out yourself as following Clavicular? What timeline indeed! 🤭That kid is really smart and savvy behind all the dumb he says and does as the shitty character he plays for cameras.

[Pam Perdue @regtechdiva]

@RogueCfpb A convention hall of fully costumed “furries” would have more chance of starting a legitimate coup than this bunch

[Jill Castilla @JillCastilla]

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

[Pam Perdue @regtechdiva]

@RogueCfpb @tphillips @AlexH_Johnson Fintechs started floating this “pilot” use case concept internally to justify and ignore known gaps in compliance and performance, to “foster innovation.”Before you know it, the regulator fanboys/girls were believing that was the right way to innovate.

[Pam Perdue @regtechdiva]

@RogueCfpb My team is bemused by responding to consumer complaints that the borrower has copy-pasted from AI slop where the cited violations don’t even pertain to their product type. Our agent has to be backed off its human-like cattiness in these cases.

[Pam Perdue @regtechdiva]

@RogueCfpb Especially brutal when a client is trying to retrofit interpreting it after getting a nastygram from an issuer (instead of during product design)! Lost more than one night of sleep over card rules.

[Pam Perdue @regtechdiva]

@samrags_ @RogueCfpb CSR being Crypto strategic reserve or consumer surplus reserve? (or both) Or how irritating antiquated certificate signing requirements remain?

[Pam Perdue @regtechdiva]

@RogueCfpb @samrags_ ^^ things serious financial people think about before they blindly ransack a system that had safeguards for valid reasons - no, the card rules aren’t FAQs and rules are why law is a profession.

[Pam Perdue @regtechdiva]

@mikulaja Wait…does that mean that DIY legal work using AI might not be the answer for every possible task?! Shocker!

[Pam Perdue @regtechdiva]

@jillayne @mikulaja Maybe since that which failed is not a bank, we need to designate a different day of the week “fintech failure (week)day”! Shame what it’s come to…

[Pam Perdue @regtechdiva]

@KenTumin @mikulaja Polymarket should take wagers on ‘Company X keeps accurate and validated ledgers as required by law.’ Reg experts could probably win such bets a majority of the time.

[Dirt Cheap Banks @dirtcheapbanks]

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.

[Pam Perdue @regtechdiva]

@sytaylor It’s intellectually and emotionally honest and self-aware to recognize and admit the bias, but doing so publicly won’t be rewarded. If you then take the time to validate or refute your hypothesis with facts, now you’ve put the ‘wrong’ assumptions to good test.

[Pam Perdue @regtechdiva]

@MrLeonardKim What you have and want and need shifts, but your ability to excel cannot be taken away. Pain catalyzes a better version of yourself. Healing is a process, not a point-in-time. Those who appreciate you will wait. Those who don’t, don’t matter anymore. Keep the faith.