Pam Perdue

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

[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.

[Pam Perdue @regtechdiva]

@khaslett Agree - who wrote this? And no, the government is not your “partner” so really?

[Pam Perdue @regtechdiva]

@moneyfetishist @Edwin_km00 The “we have no senior people” plagued consumer protection compliance in the early aughts. Everybody flocked to higher paying AML roles, hyperspecialized in those risks, and left a big gap in generalist CCOs who could strategize and plan.

[Gandalv @Microinteracti1]

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

[Pam Perdue @regtechdiva]

@sytaylor Yes!! Also BLUF is really hard to teach people if they have been socially conditioned to be indirect and unscary. BLUF is more than ‘important things first’ - it’s tell me THE most important thing first. BLUF does not favor lazy thinking.

[Pam Perdue @regtechdiva]

Poor ole generic, rushed-to-market AI is on the struggle bus. So far: wrong summary on Adobe, wrong reports on QuickBooks, and a “news” article reporting literally nothing. Bigco’s having problems adapting! Careful out there, kids!