CB Insights

MAY 30, 2019

GET THE 81-PAGE q1 2019 FINTECH TRENDS REPORT. Q1’19 VC-backed fintech funding dropped but deals remained strong. Deposits at banks with less than $10B of assets fell 3% in the 12-month period that ended June 30, according to the FDIC. Download the free report for all the details. Want the full expert post?

Fintech 61

Fintech Company FDIC Trends 61

PYMNTS

NOVEMBER 9, 2020

million households lacked access to bank accounts as of 2019. percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009. Another FDIC report found that 31 percent of American consumers are now using peer-to-peer (P2P) mobile wallet apps, for example. In the U.S.,

Tools 203

Tools Mobile FDIC Examples 203

PYMNTS

JANUARY 7, 2021

In today’s top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly posing challenges for some users of H&R Block and TurboTax. Green Dot Introduces GO2bank To Help Cash-Strapped Consumers.

California 142

California FDIC Regional Taxes 142

Abrigo

FEBRUARY 12, 2020

After retailers closed 10,800 stores in 2019, they have already announced new waves of closings as some – not all – retailers pay for their over-expansion or adjust to changes in the way customers shop, the newspaper said. Many banks throughout 2019 had reported tightening CRE standards, too. Learn More. Lending & Credit Risk.

Lending 195

Lending Trends FDIC Survey 195

PYMNTS

DECEMBER 16, 2018

Robinhood , the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from that, removing any mention of checking and savings from the product.

FDIC 191

FDIC Fintech Regulation Report 191

PYMNTS

NOVEMBER 12, 2020

FDIC) study found that the number of unbanked U.S. consumers owned smartphones as of 2019, and the use of mobile solutions that do not rely on bank account access — including mobile wallets — is also increasing. percent in 2017 to 34 percent in 2019,” the Tracker states. A recent Federal Deposit Insurance Corp.

Mobile 202

Mobile Study Tools FDIC 202

Fintech Labs Insights

JUNE 23, 2023

Rewind to 2019 and there were more than 50 fintech/insurtech accelerators. And only 7 of those are fintech market specialists. Here is our curated list of accelerators actively looking for fintech startups. Here is our curated list of accelerators actively looking for fintech startups.

San Francisco 15

San Francisco Fintech Charlotte CA 15

CFPB Monitor

MAY 16, 2019

The proposal’s comment period closes on July 15, 2019. As a result, it would not provide an alternative for fintech companies that are considering filing an application with the OCC for a special purpose national bank (SPNB) charter or for an industrial bank charter in a state such as Utah, that permits such charters.

Utah 68

Utah Fintech New York National 68

CFPB Monitor

SEPTEMBER 10, 2020

In 2019, California enacted AB-539, the Fair Access to Credit Act (FACA), which, effective January 1, 2020, limits the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate. The FDIC has not yet proposed a similar rule.

Utah 78

Utah California FDIC West Virginia 78

CFPB Monitor

JANUARY 5, 2021

federal district court challenging the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies. Vullo is the lawsuit filed by the New York Department of Financial Services challenging the OCC’s SPNB charter for non-depository fintechs.

Conference 78

Conference Technology District of Columbia FDIC 78

CFPB Monitor

OCTOBER 21, 2019

PBI’s Consumer Financial Services and Banking Law Update will take place on October 29, 2019, in Philadelphia (and by simulcast in Allentown, Bellefonte, Butler, Chambersburg, Easton, Mechanicsburgh, Pittsburgh, West Chester, and York, Pennsylvania). The CFPB, FTC, FCC, DOJ, FRB, FDIC and OCC. Data Security and Privacy developments.

Philadelphia 60

Philadelphia Pennsylvania FDIC Big Data 60

PYMNTS

OCTOBER 30, 2019

Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank account data. The company operates a suite of APIs for financial institutions and FinTechs to connect data and power customer-facing products. Banks, FinTechs Team Up.

Lending 102

Lending Fintech America Data 102

CFPB Monitor

NOVEMBER 6, 2019

The third location of PLI’s 24th Annual Consumer Financial Services Institute will take place in PLI’s San Francisco Conference facility and via concurrent live Webcast on December 9-10, 2019 in San Francisco (and by live webcast). I will co-moderate a discussion among CFPB, FTC and FDIC representatives.

San Francisco 60

San Francisco FDIC Conference blockchain 60

CFPB Monitor

MAY 4, 2021

The lawsuit represents CSBS’s third challenge to the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies. No provision in the Federal Deposit Insurance Act (FDIA) requires a depository national bank to obtain FDIC insurance.

Technology 78

Technology National Regulation FDIC 78

Fintech Labs Insights

NOVEMBER 10, 2023

Leading Digital Consumer Banks (United States)* ranked by our FAB score (Fintech Attention Barometer**) Company FAB Score** Founded HQ Web Visits (Oct ’23) TrustPilot Score TrustPilot Reviews Funding ($M) 1 Wise (Transferwise) 10581 2011 London 38,100,000 4.2 1,080 $491 26 One Finance 248 2019 SF 1,110,000 1.7

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

CFPB Monitor

JULY 14, 2022

In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans less than $10,000 but more than $2,500 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate.

California 78

California Innovation Utah Texas 78

CFPB Monitor

MAY 19, 2022

In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans less than $10,000 but more than $2,500 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate.

California 78

California Utah United States FDIC 78

CB Insights

JANUARY 5, 2021

Half of consumers over the age of 35 pick primary banks based on their local presence, but for consumers under 35, that number falls to just 30%, according to PwC’s 2019 Consumer Digital Banking Survey. . Source: FDIC. For more, take a look at our State Of Fintech Q3’20 report. Source: PwC. Alternative services can be costly.

Digital Banking 98

Digital Banking US Online FDIC 98

PYMNTS

OCTOBER 29, 2018

The 2019 planning sessions that will mark the next 60 days will no doubt include topics of conversation about the scariest things in payments that could knock key players off their game – or turn their plans upside down. FinTechs … and the Banks They Wanted to Disrupt. 93 percent had a bank account.

Payments 196

Payments Google Apple Innovation 196

CB Insights

DECEMBER 4, 2019

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech.

Cards 101

Cards Lending Strategy US 101

CB Insights

APRIL 4, 2019

In the last few weeks, we’ve received a lot of requests for the Future of Fintech 2019 agenda. Former FDIC Chair – Because who better to share insights on the US fiscal policy and the state of the economy than the former FDIC Chair? GET THE 106-PAGE FINTECH TRENDS REPORT. Affirm ($2.9B

Fintech 30

Fintech FDIC Trends Capital 30

Abrigo

NOVEMBER 29, 2021

Noninterest income drove 20% of community banks' net operating revenue in 2019, down from 22% in 2012, according to a recent FDIC study. On average, these charges generated nearly 19% of total noninterest income in 2019, down from 24% in 2012, according to the FDIC.

Community Bank 195

Community Bank Community FDIC Trends 195

CFPB Monitor

APRIL 19, 2022

In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans less than $10,000 but more than $2,500 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate.

California 78

California Innovation Utah United States 78

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. FDIC Releases Formal and Informal Enforcement Actions Manual. Proposed Rule.

Lending 195

Lending Data Regulation Community 195

CFPB Monitor

JUNE 15, 2022

Four Democratic members of the California state legislature recently sent a letter to the Federal Deposit Insurance Corporation (FDIC) urging the agency to take action against FDIC-supervised banks that partner with non-bank lenders to originate high-cost installment loans.

FDIC 78

FDIC California West Virginia North Carolina 78

PYMNTS

DECEMBER 7, 2020

Facebook’s Libra (OK, now it’s been renamed to Diem ) looms as 2021 dawns – maybe – and in a form diminished from its initial ambitions back in 2019, to disrupt the monetary system itself. Companies that seek to issue stablecoins will have to get approval from the Fed, the FDIC and other regulators at least six months prior to launch.

Regulation 192

Regulation United States Cleveland cryptocurrency 192

CFPB Monitor

FEBRUARY 12, 2019

PLI’s 24th Annual Consumer Financial Services Institute will take place on March 25-26, 2019, in New York City (and by live webcast and groupcast in Philadelphia, Pittsburgh, and Mechanicsburg, Pennsylvania, and New Brunswick, New Jersey); on May 20-21, 2019, in Chicago; and on December 9-10, 2019, in San Francisco (and by live webcast).

FDIC 68

FDIC San Francisco New York City New Jersey 68

CFPB Monitor

APRIL 18, 2019

The second presentation of PLI’s 24th Annual Consumer Financial Services Institute will take place in Chicago on May 20-21, 2019. Approximately 400 people attended the first presentation in NYC, live and on the web, on March 25-26, 2019. The leadership of the CFPB, OCC, FDIC and FTC is now firmly under Republican control.

Chicago 68

Chicago FDIC Regulation Leadership 68

CFPB Monitor

AUGUST 8, 2019

The CFPB, in its July 2019 fair lending report, discussed supervisory reviews of alternative credit scoring models. In December 2018, the CFPB issued proposed revisions to its 2016 final policy on issuing no-action letters, together with a proposal to create a new “product sandbox.”. Both task forces held their first meetings in June.

Data 60

Data Lending Compliance Policies 60