2006 FDIC Lending Operations 
PYMNTS
OCTOBER 17, 2017
An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Before this year, the last time that happened was in 2006, when Walmart made a move on an ILC.
PYMNTS
OCTOBER 1, 2018
The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. Attorney Alex Tse. “We The Response.
Jeff For Banks
MARCH 3, 2018
When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. They can be a strategic shift of your franchise, a new product line, or a new operating environment. Didn't even exist in 2006. Today there are less than 5,700. A 26% decline. Was I a futurist? The iPhone represents 62% of Apple sales.
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