Remove 2014 Remove FDIC Remove Lending Remove National
article thumbnail

Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The agency first proposed a special banking charter for FinTechs in 2014 that would limit pushback from the Federal Deposit Insurance Corp.

article thumbnail

U.S. Farming Has A Banking Problem

PYMNTS

Analysts note that today, the percentage of professionals working in the agricultural sector remains so low that including them in national jobs calculations would not have a statistically relevant effect on overall analysis. “As percent: the growth rate of FDIC-insured bank loans to farm borrowers as of March 2019.

FDIC 142
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Community banks most likely to approve small business loans

Abrigo

Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). While the approval rates are high and portfolios are expanding, the OCC did point out that lending standards continued to soften.

article thumbnail

How to improve your relationship banking

Abrigo

According to the latest FDIC Quarterly Banking Profile, community banks continue to thrive and lead the industry. percent achieved that threshold in the fourth quarter of 2014 – they aren’t just competing with large, national banks; their community bank counterparts also account for much of their competition.

How To 150
article thumbnail

Cabot Square Capital Sells 321 Crédito

PYMNTS

financial services firm, on Wednesday (July 25) sold its entire stake in 321 Crédito, a Portuguese consumer finance lender, to Banco CTT, the bank run by Portugal’s privatized national postal service. With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. Cabot Square Capital, a U.K. trillion U.S.

Capital 108
article thumbnail

Dear Mr./Ms. Bank Regulator

Jeff For Banks

August 2, 2014 Mr. John Whatshisname Examiner In Charge Bank Regulatory Body 1 Bureaucrat Way, NW Washington, DC 20429 Mr. Whatshisname, Below is our response to the Matters Requiring Attention ("MRA") that were included in your most recent examination report on Schmidlap National Bank ("Schmidlap"). And Schmidlap is not gonna take it.

article thumbnail

Powering-Up Tools: Your Membership Resources

Independent Banker

An interview with Paul McGuire, ICBA’s executive vice president, national solutions group. While all of ICBA’s members are FDIC-insured, the association represents Federal Reserve member banks, nationally chartered banks and state-chartered institutions. Meet ICBA’s Membership Contact. Paul McGuire. Email: paul.mcguire@icba.org.