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6 ways the FDIC is fostering fintech innovation, diversity and inclusion

BankInovation

The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.

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6 ways the FDIC is fostering fintech innovation, diversity and inclusion

BankInovation

The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.

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The top-performing community banks of 2021

Independent Banker

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success. Philadelphia.

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Key differences between the OCC’s rescinded 2020 CRA final rule and the 2022 CRA revisions proposed by U.S. banking regulators

CFPB Monitor

1) Assessment Areas and Areas for Eligible Community Development Activity. Banks would also receive CRA credit for any qualified community development activity, regardless of location. Current lending tests for small banks and the community development test for intermediate banks are substantially retained under the Proposal.

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Joust To Finance Freelancers’ Outstanding SXSW Invoices

PYMNTS

Joust, which was a finalist for the 2020 SXSW Innovation Awards, said it will offer any affected users zero payment processing fees on its FDIC-insured free bank account. 4), Austin Public Health stated that ‘there’s no evidence that closing SXSW or any other gatherings will make the community safer.’

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CFPB 2020 fair lending report highlights adverse action notices when using artificial intelligence

CFPB Monitor

While most of the report recycles information about which we have previously blogged, it does contain the following noteworthy information: The section of the report on “Innovations in access to credit” includes a subsection about “providing adverse action notices when using artificial intelligence and machine learning models.”

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Corporate Cards Forge More Paths To SMB Adoption

PYMNTS

All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business. According to the report, SMBs increased their use of debit cards from 34 percent in 2019 to 42 percent in 2020.

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