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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

a financial services holding company based in Kansas City, Missouri. Her role will include legal and compliance oversight including the company affiliate, Brex Treasury LLC, a Securities and Exchange-registered broker-dealer. In March, Brex opened its first international office , a technology hub in Vancouver, Canada.

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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

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Onward Financial’s Employer-Backed Payday Loan Alternative

PYMNTS

Regulators can ban payday loans – but no one can ban cars that break down, heating systems that drop dead in the middle of the winter, medical crises or any of the myriad unexpected financial events that send consumers running to the embrace of short-term lenders. In other words, a payday loan from the source of the paycheck.

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Why Does a Fintech Darling Need a Bank?

Jeff For Banks

So its brand didn't blow away its buyer, Capital One, either. Moven account holders use CBW Bank, a small $22 million in asset bank based in Kansas. If Moven driven deposits keep coming in, CBW may have to raise capital to support the balance sheet. Followed by regulation. With a firm dose of capital.

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