PYMNTS

JUNE 19, 2020

Sam’s Club Scan & Go app debuted in 2016 and lets shoppers scan barcodes and show staffers digital receipts as they leave stores. FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic. We have deep dives on pandemic supply chain pivots, cross-border conversion and peer-to-peer (P2P) payments. The profits just hit $18.5

Payments 151

Payments United States FDIC Retail 151

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 build-back from the revelations of 2016 was a bit more of a lengthy process.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

JANUARY 9, 2018

In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs. The FDIC’s Advisory Committee on Community Banking offered a platform through which community bankers could highlight these challenges.

Community Bank 131

Community Bank Community Fintech Lending 131

Jeff For Banks

JANUARY 12, 2019

This might be explained by the capital formation process, where a low performing bank gets equity injections and those folks go on the board. Frequently asked. Seldom answered. I will say there seems to be more PE, Investment Banker, Investment Management types on the Bottom 5 boards than on the Top 5. Perhaps not.

Community Bank 60

Community Bank Community FDIC Dallas 60

Jeff For Banks

JANUARY 12, 2019

This might be explained by the capital formation process, where a low performing bank gets equity injections and those folks go on the board. Frequently asked. Seldom answered. I will say there seems to be more PE, Investment Banker, Investment Management types on the Bottom 5 boards than on the Top 5. Perhaps not.

Community Bank 60

Community Bank Community FDIC Dallas 60

PYMNTS

FEBRUARY 19, 2019

As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services. months in the first half of 2018, from 5.6 months in the first half of 2017. months in the first half of 2018, from 5.6

Marketing 108

Marketing Community Community Bank Industry 108

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. We are launching a pilot for the 2016-17 Australian grains harvest. 09:49 am Finovate Fall 2016 Day 1 Recap. This sounds like the best of both worlds – social funding for SMB’s with the backing of their FDIC-insurance bank. William Mills and K.T.

social media 40

social media ATM Mobile Customer Experience 40

Jeff For Banks

DECEMBER 16, 2022

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. Since 2016, over 50% of total deposits are non-interest bearing, driving superior cost of funds and net interest margin. I changed this from 2,000 shares as it was pruning too many fine institutions.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Jeff For Banks

OCTOBER 29, 2016

In 2016, the median sized financial institution is $1.1 In my firm's most recent podcast , we discussed the recently released FDIC Summary of Deposits data that showed, with all of the negative price surrounding large financial institutions, FDIC-insured banks with >$10 billion in assets moved from an 80.6%

Training 60

Training FDIC Community Resources 60

Jeff For Banks

FEBRUARY 3, 2018

In 2013, there were 6,812 FDIC-insured financial institutions. And capital ratios have held steady and strong. In fact, if you listen to some institutional investors, the industry is over-capitalized. And I have never heard a regulator say the phrase "over capitalized". Where are we and where have we been? Ski slope down.

Taxes 60

Taxes Regional Industry Trends 60

Independent Banker

FEBRUARY 24, 2016

Obviously these local lenders took notice when the Federal Reserve, the FDIC and the Office of the Comptroller of the Currency recently issued a joint statement pointing out increased risks in CRE lending. Community banks that are growing their CRE lending will be a focus of examination activity in 2016, adds the regulatory statement.

Community Bank 70

Community Bank Lending Community Regulation 70

FICO

FEBRUARY 23, 2017

In my 2017 regulatory predictions post last month, I concluded by saying that the new year would be very different for the financial services industry than 2016. In addition, within the next 12 months, President Trump will be able to appoint new leaders at the OCC, Fed and FDIC. This certainly didn’t take long to come to fruition.

FDIC 40

FDIC Regulation United States Tools 40

Jeff For Banks

APRIL 14, 2022

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. Oil Capital: The History of American Oil, Wildcatters, Independents and Their Bankers 2016 Dwight L. Oil Capital: The History of American Oil, Wildcatters, Independents and Their Bankers 2016 Dwight L. Hodges, Luther H.

America 78

America National Denver United States 78

PYMNTS

AUGUST 17, 2017

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). The price of real estate is prompting even the largest players in the banking world to scale back their branch operations.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

MAY 2, 2016

On March 28, 2016, we received a civil investigative demand (CID) from the Federal Trade Commission as part of its investigation to determine whether we, through our Venmo service, have been or are engaged in deceptive or unfair practices in violation of the Federal Trade Commission Act,” the filing reads. Goldman Sachs Goes Digital.

Software 100

Software Mobile Regulation FDIC 100

CB Insights

DECEMBER 4, 2019

An RBC Capital Markets report put the average annual sales of an Amazon Go location at about $1.5M. In August 2019, Greenlight raised a $54M Series B from strategic investors including Wells Fargo, JP Morgan, and investors Drive Capital , Relay Ventures , and TTV Capital. That scale would make Amazon Go a $4.5B business.

Cards 101

Cards Lending Strategy US 101

CFPB Monitor

MARCH 30, 2020

Section 4008 of the CARES Act authorizes the Federal Deposit Insurance Corporation (FDIC) to establish a debt guarantee program to guarantee the debt of solvent insured depository institutions and depository institution holding companies. Section 4008 – Debt Guaranty Authority.

Regulation 122

Regulation United States Community Bank National 122

Filene

JULY 18, 2018

The FDIC says more than 45 percent of Hispanic households were unbanked or underbanked in 2015. Credit unions who feel the calling to open their doors to this growing and upwardly mobile community have a great opportunity to capitalize on word-of-mouth momentum. trillion in financial services in 2016. billion, in 2016.

Community 28

Community Study Resources Lending 28

PYMNTS

OCTOBER 29, 2018

I’ve often written about this topic over the last several years, well before the 2016 election dominated the headlines about Facebook’s future as a content platform. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. It turned out to not be the case, for most of the adults living in the U.S.

Payments 196

Payments Google Apple Innovation 196