South State Correspondent

MAY 9, 2023

In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. The regulators are considering three options: raising the limit above $250k, raising the cap for only certain accounts (such as banks’ business accounts), or eliminating the cap entirely.

FDIC 195

FDIC Regulation Capital Management 195

Jeff For Banks

OCTOBER 5, 2020

ESB's President was a dominant official with significant control over bank operations and limited oversight by the Board of Directors (Board). She hid them from the Board and regulators with assistance from unnamed co-conspirators." She hid them from the Board and regulators with assistance from unnamed co-conspirators."

FDIC 78

FDIC Fort Worth Dallas Texas 78

PYMNTS

OCTOBER 13, 2016

The year was 2009, and it was rough for some, but a fertile ground for others. “I I think it was a real advantage to us to start during an economic downturn,” says Kathryn Petralia, a co-founder and Head of Operations at Kabbage. “It Petralia remembers back to 2009 when the team was looking for a bank partnership.

Regulation 100

Regulation Lending US FDIC 100

Jeff For Banks

FEBRUARY 6, 2011

The FDIC has nearly quadrupled its enforcement actions (“EA”) over the past three years. The productive view about the similarity of EAs is why haven’t we been doing some of the things required by regulators in the first place? Banking is a highly regulated industry, and has been since the Great Depression.

Regulation 72

Regulation FDIC National Capital 72

CFPB Monitor

OCTOBER 17, 2022

The CFPB’s key findings are: Based on a comparison of data from 2009 with year-end 2021 data, the number of college credit card agreements, overall payments from issuers to IHEs, and open accounts continue to decrease. ED also stated that it “will monitor compliance and take corrective action to enforce these regulations when necessary.”.

Cards 78

Cards Report Regulation FDIC 78

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. The DOJ Finding. In 2010, LendingClub added to its war chest with a $24.5

Lending 135

Lending Fraud Management San Francisco 135