CFPB Monitor
AUGUST 25, 2020
The plain language of the governing federal statute applies only to interest that an FDIC-insured state bank may charge. Allegedly, the FDIC’s rule represents an expansion of the FDIA’s preemption of state law interest rate caps by extending the preemption to assignees of loans originated by such banks.
South State Correspondent
MARCH 15, 2023
Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. Previously, if banks were able to borrow against these securities, it would be at 98% of the market value or less, depending on the investment type.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
CFPB Monitor
DECEMBER 18, 2020
The OCC has merely speculated that Madden has caused uncertainty in secondary credit markets and, in any event, application of state rate caps to non-banks does not significantly interfere with national banks’ ability to make and sell loans. White who was appointed to the federal bench in 2002 by President George W.
PYMNTS
DECEMBER 7, 2020
Companies that seek to issue stablecoins will have to get approval from the Fed, the FDIC and other regulators at least six months prior to launch. The Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure that would underpin digital dollar issuance.
CFPB Monitor
OCTOBER 10, 2019
Kabbage “in economic reality” markets, underwrites, prices, approves, funds, and collects upon 100% of the loans and bears 100% risk of loss. Celtic could not make and keep the loans on its balance sheet because they would create an unacceptable risk under FDIC regulations.
Abrigo
FEBRUARY 16, 2015
Over the course of the last five years, the researchers noted that community banks'' market share (by assets) fell 12 percent, as well as lost momentum in market share in several lending categories. She noted that bank earnings were up more than 7 percent in the third quarter of 2014, compared with the same period the previous year.
PYMNTS
MARCH 2, 2018
Today, 10 percent of the city’s power is being eaten away by bitcoin miners, which has forced the city to buy extra electricity on the open market, at rates up to 100 times higher than its base cost. Mold-Rite Plastics, also located in the city and drawing about 10 percent of its power, employs about 200 people.
Expert insights. Personalized for you.
78 
Let's personalize your content