AUSTIN, TEXAS – At the Filene Research Institute's big. bright. minds. conference Friday, attendees heard the latest developments on Canada's b-word ban and tips on competing in the age of Amazon. Here are some key takeaways from the second day of the conference, held at the Hilton Austin in downtown Austin, Texas.
B-Word Ban Update
It was one of the most popular stories on cutimes.com in 2017: Earlier this year, financial regulators in Canada banned the use of the words "bank," "banking" and "banker" from credit union marketing materials. The law may sound silly to some, but it's in fact quite serious – breaking it can lead to a $5 million fine and five years in jail for the credit union's management, explained Marc-Andre Pigeon, director of financial sector policy for the Canadian Credit Union Association.
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