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The Deposit Strategy Behind Customers Bank’s FDIC Loan Deal

The Financial Brand

This article The Deposit Strategy Behind Customers Bank’s FDIC Loan Deal appeared first on The Financial Brand. This article The Deposit Strategy Behind Customers Bank’s FDIC Loan Deal appeared first on The Financial Brand. It connected the dots.

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Another Maryland threat to bank partner model lending

CFPB Monitor

According to the factual allegations in the OCFR’s Charge Letter : The Bank offers in-store retail credit financing as well as store-branded credit cards to Maryland consumers. In addition, legal challenges to the OCC and FDIC “ Madden -fix” rules and the OCC’s “true lender” rule continue to create uncertainty for participants.

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How a Regulatory Nudge Pushed Payday Lending into the Mainstream, Benefiting Borrowers and Banks

The Financial Brand

This article How a Regulatory Nudge Pushed Payday Lending into the Mainstream, Benefiting Borrowers and Banks appeared first on The Financial Brand. The big banks have embraced small dollar lending, saving millions of consumers billions of dollars annually, according to a new report.

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At home with HOA banking

Independent Banker

One of the very quick things we turned to were HOAs … and we quickly learned we could earn more of their business if we had a lending solution. We found that if we found a niche or product line to serve their lending needs, we could fulfill their relationships.”. Two bank charters (which doubles FDIC coverage).

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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. On one hand, Step is looking to create a brand that's young, modern, hip and cool such that it appeals to those 13- to 18-year-old users. Creating A Balance.

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

PYMNTS

In an announcement, the bank said it would work with Google to debut a co-branded, FDIC-insured, digital-only bank account next year. In this way, Google gets new users for its Pay offering , and the banks get new customers and strengthen their respective brands. To that end, BBVA was one of six banks that said on Monday (Aug.

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

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