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FinTech LendingClub Buys Radius Bank For $185M

PYMNTS

Radius is based in Boston and has in the neighborhood of $1.4 The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. Recently, Varo Money , a mobile bank, got FDIC approval to accept consumer deposits. billion in assets.

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U.S. mail delays: more reasons to explore mobile and online banking

PopularBank

The Federal Reserve Bank of Boston reports that bills represent about 30 percent of overall consumer payments, with most bills being paid by using a card or electronic methods. You are protected by Popular Bank’s encrypted security processes and backing from the FDIC, just as you are when using checks.

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The role of self-assessment in board meetings

Abrigo

According to Eric Fischer , senior fellow at the Boston University Center for Finance, Law & Policy, there is no reason why institutions of all sizes shouldn’t be held to similar standards.

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The 35 Biggest Banking, Mortgage & BankTech Events in 2023

Fintech Labs Insights

Fintech Summit Orlando, FL 16-May-23 18-May-23 FinovateSpring San Francisco 23-May-23 25-May-23 Seamless Middle East Dubai 23-May-23 24-May-23 Big Bank Theory by Tearsheet NYC 31-May-23 31-May-23 Money 20/20 Europe Amsterdam 6-Jun-23 8-Jun-23 Digital Banking by American Banker Boca Raton, FL 12-Jun-23 14-Jun-23 Finovate Edge Asia Virtual 14-Jun-23 (..)

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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

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. The Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure that would underpin digital dollar issuance.

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The Mother List of All Banking Books

Jeff For Banks

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. Giannini: Banker of America 1994 Richard X. Bove Bove, Richard X. Guardians of Prosperity: Why America Needs Big Banks 2013 John F. Bovenzi Bovenzi, John F. Brandeis Brandeis, Louis D. Federal Deposit Insurance Corp.

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Why The Final Payday Lending Rules Are Far From The Last Word

PYMNTS

Even more surprising is that the editorial boards and writers at The Washington Post and The Boston Globe agree with them, given their historical pro-CFPB stance. There’s the OCC for national banks; for small state there is the FDIC; medium banks have the Fed and there is NCUA for credit unions.

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