SoFi’s Bank Charter Has Almost No Chance, Former SEC Chairman Says
Bank Innovation
SEPTEMBER 18, 2017
The charter, submitted to the State of Utah last June, would give the online lender the ability to collect deposits insured by the […].
Bank Innovation
SEPTEMBER 18, 2017
The charter, submitted to the State of Utah last June, would give the online lender the ability to collect deposits insured by the […].
CFPB Monitor
MAY 4, 2022
The CTDPA follows the form and content of other privacy laws passed in the prior year, including the Colorado Privacy Act (CPA), Virginia Consumer Data Protection Act (VCDPA), and Utah Privacy Act (UPA). California, of course, passed the California Consumer Privacy Rights Act (CPRA) via ballot initiative in 2020. Children’s Data. Biometrics.
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CFPB Monitor
MARCH 15, 2022
The OCC’s attempt to provide a clear bright line test for determining when a bank is the “true lender” in a bank-model program through a regulation was overturned by Congress under the Congressional Review Act.) In addition to “true lender” threats, non-bank participants in bank-model programs will continue to face state licensing threats.
CB Insights
FEBRUARY 13, 2020
As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.
Fintech Labs Insights
APRIL 4, 2016
Consumer online investment platform. HQ: Salt Lake City, Utah. Tags: Financial institutions, mortgage brokers, consumer lending, analytics, underwriting, compliance, regulations. Latest round: $150 million Private Equity. Total raised: Unknown. HQ: Minneapolis, Minnesota. Source: Crunchbase. Betterment. Latest round: $3.76
CB Insights
OCTOBER 26, 2020
This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely. And across equity research and sales & trading, poor performances and new regulations have led to widespread layoffs as banks have figured out they can do more with less.
Gonzobanker
DECEMBER 19, 2016
Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. A “Making a Difference” Nod – Goes to S andy Dubois, executive secretary at People’s Utah Bancorp in American Fork, Utah, for her work in establishing “Project Teddy Bear.” Small things can make big differences.
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