December 12, 2023

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John Turner Hired as Senior Vice President/Chief Operations Officer John Turner began employment with Midwest Independent BankersBank (MIB) in October 2023 as the Senior Vice President/Chief Operations Officer. His professional life began in 1987 as a bank examiner with the state of Illinois. Over the next 20 years, Turner served in examination, audit or risk

In October 2023, the Consumer Financial Protection Bureau (CFPB) proposed a new rule to facilitate “open banking” by requiring banks and other financial institutions to establish and maintain online “interface” portals to allow consumers, “authorized third parties” and “data aggregators” to access consumer account information.1 Although CFPB Director Rohit Chopra has indicated that the rule

Contributors to the MIBA Political Action Committee are recognized for their generosity on the Association’s website and at the MIBA Annual Convention and Exhibition. Different levels of contribution have been set to recognize supporters of our Political Action Committee fund and to make the Association’s membership more aware of this important facet of our work

A recent study by a security awareness training platform showed that the average rate at which employees of small banks clicked on phishing emails was 25% (the rate for bigger banks is even worse!). Ransomware (malware that encrypts your data and only provides a decryption key if you pay a ransom) continues to be a

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Machine learning can revolutionize banks, but only when fueled by high-quality data. Artificial intelligence (AI) is here to stay. As it gains popularity, more financial institutions are discovering how they can use AI to stay ahead, especially machine learning. Machine learning is indeed about teaching machines to make predictions or decisions based on past behaviors