Remove 2021 Remove FDIC Remove Fintech Remove Lending
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FDIC Proposed Rule and Information Requests Target False Advertising, Use and Misuse of FDIC Name and Logo

CFPB Monitor

The Federal Deposit Insurance Corporation (FDIC) recently issued a notice of proposed rulemaking (NPR) and request for information (RFI) addressing “False Advertising, Misrepresentation of Insured Status and Misuse of the FDIC’s Name or Logo”.

FDIC 88
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FDIC issues final rule on ILC deposit insurance applications

CFPB Monitor

The FDIC has issued a final rule setting forth the conditions it will impose and the commitments it will require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB).

FDIC 78
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Evaluating New Tech Investments – Let the Purpose Define Your Strategy

Jack Henry

Investments in financial technology have been increasing for years, but the events of the last 18 months have created a new sense of urgency for community banks and credit unions to fine-tune their digital strategies across the spectrum of various fintech investments.

Strategy 148
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FinTech Step Aims To Create The Concept Of ‘Family Banking’

PYMNTS

The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. 2021 And Beyond. I think there are some really unique lending opportunities that would be interesting within our demographic,” he said.

Fintech 322
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CSBS withdraws lawsuit seeking to block OCC approval of Figure Technologies charter application

CFPB Monitor

The lawsuit represented the CSBS’s third challenge to the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies or to uninsured deposit-taking fintechs. The first two lawsuits were dismissed on ripeness grounds. In July 2018, relying on the NBA and Section 5.20(e)(1),

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BBVA On Google, Digital Banking And The Rise Of The ‘Everyday App’

PYMNTS

Where once the marquee names in tech (and no shortage of FinTechs) jockeyed for primary banking services relationships, an increasing number of partnerships are now taking shape. In an announcement, the bank said it would work with Google to debut a co-branded, FDIC-insured, digital-only bank account next year.

Google 298
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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. On the next pages, you’ll find our listings of the top-performing community banks of 2021 alongside interviews with some of the winners. The bank issued 2,182 PPP loans in 2020 and 2021.