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Details on the FDIC Security Breach by Chinese Spies [VIDEO]

Bank Innovation

How Chinese spies hacked into computers at the Federal Deposit Insurance Corporation from 2010 until 2013 -- and American government officials tried to cover it up.

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CFPB Orders Subprime Credit Card Company to Pay Estimated $2.7 Million in Refunds for Alleged Illegal Credit Card Fees

CFPB Monitor

Second, the consent order states that the Continental cardholder agreements for secured and partially secured cards represented that a cardholder’s security deposit would be held in an FDIC insured financial institution. million in consumer funds deposited during 2013 were not FDIC insured.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.” Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm.

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Bet on Biometrics in the Digital Age

NCR

According to the FDIC, the total number of banking and thrift charters declined from around 20,000 in 1980 to 6,812 at the end of 2013. To meet consumer expectations for on-the-go convenience, mobile banking capabilities must be expanded in conjunction with security measures.

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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 124 $66 27 Axos 220 2013 1,110,000 $0 28 Majority 126 2019 Stockholm 168,000 4.6 10 $15 37 GoBank 35 2013 LA 189,000 1.4

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Independent Loan Review & Credit Risk Review System Objectives

Abrigo

This article is substantially updated from a 2013 blog post. The Federal Reserve, the OCC, the NCUA, and the FDIC repeatedly pointed out that the nature of loan review or credit risk review at a given bank or credit union will vary.

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The State of Banking

Jeff For Banks

In 2013, there were 6,812 FDIC-insured financial institutions. Please do not claim to invest in any security based on what you read here. FINRA makes people take a test to ensure they know what they are doing before recommending securities. Where are we and where have we been? Trends are telling. Ski slope down.

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