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Today In Digital-First Banking: Green Dot Debuts GO2bank; Stimulus Checks Pose Challenges For TurboTax, H&R Block

PYMNTS

In today’s top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly posing challenges for some users of H&R Block and TurboTax. Green Dot Introduces GO2bank To Help Cash-Strapped Consumers.

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Food for Thought: A Policy on Credit Exceptions

Abrigo

Path to removal – Sometimes an exception is like the Hotel California – you can check out anytime you like, but you can never leave. As the FDIC said recently: Exceptions to policy should be few in number and properly justified, approved, and tracked. and property tax payments. It just stays on forever.

Policies 195
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E-Signature Approval

Independent Banker

Webster says FDIC officials had “no issue” with the mortgage company’s use of electronic signatures during a recent exam of PrivatePlus Mortgage. Secure encryption safeguards embedded in electronic signature systems also prevent electronic records from falling into unauthorized hands or being tampered with.

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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. Cumberland Security Bank, Inc. Home Bank of California. First Security Bank of Deer Lodge. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. In true community bank fashion, each has its own story to tell and its own path to success. Less than $300 million.

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Fizzle Of The Week: Bitcoin — The Bad Neighbor

PYMNTS

He compared the modern bitcoin boom to the California Gold Rush of yore — but a far less useful version, because bitcoin uses a lot of resources to produce something that’s not really all that useful at the end of the day and has no value at all except for the value an international pool of speculators have assigned to it.

Bitcoin 104
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Pro-Pot SAFE Banking Act Hits Roadblock In US Senate

PYMNTS

At issue was the latest round of consideration for the Secure and Fair Enforcement (SAFE) Banking Act. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. Take California as one example. The proposal, currently before the U.S.

Taxes 187
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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

In California , the industry will be worth at least $5.1 Denny Heck, both Democratic members of Congress from states with legal marijuana — back the Secure and Fair Enforcement of Banking Act of 2019 , or the SAFE Banking Act, as it is more commonly known. In 2018, consumers in Colorado bought some $1.55 Cannabis Tension. Cash Dangers.

Oregon 230