CFPB Monitor

DECEMBER 22, 2020

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs).

FDIC 78

FDIC Capital National Regulation 78

PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Regional players like BankUnited have even smaller market caps (at about $2 billion). The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Los Angeles 231

Los Angeles UX Cards FDIC 231

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. Small regional and community banks had a much higher approval rate (90 percent) for those firms classified as “Growers.”

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Regional players like BankUnited have even smaller market caps (at about $2 billion). The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Los Angeles 140

Los Angeles UX Cards FDIC 140

PYMNTS

JANUARY 9, 2018

The FI said earlier this month it would be working with Funding Circle and providing funds to be lent to SMBs through the online platform. In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs.

Community Bank 131

Community Bank Community Fintech Lending 131

Jeff For Banks

OCTOBER 4, 2014

Now the amount of money in US registered investment companies exceeds that in FDIC insured banks. But wait, ING Direct grew to $92 billion in assets until ING Group divested it to Capital One. Banks remain centers of communities and the number one source for capital for small business. Was Vanguard a disruptor?

Technology 104

Technology Cyber Security FDIC Strategy 104

MyBankTracker

DECEMBER 17, 2020

Ally Bank Online Savings Account Useful savings tools and features. Discover Online Savings Consistently competitive savings rates. Capital One 360 Market-leading CD rates. Venture Rewards from Capital One Redeem miles for any travel, retroactively. Capital One Secured MasterCard Low security deposit to get started.

ATM 52

ATM Cards FDIC Online 52