CFPB Monitor

MARCH 24, 2020

The FDIC has issued a proposed rule setting forth the conditions it would impose and the commitments it would 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 60

FDIC Taxes Industry Policies 60

PYMNTS

AUGUST 5, 2020

QED Investors , Khosla Ventures and SVB Capital also participated in the round, the release stated. But as he continued, he began to see the lack of resources in tech for landlords, the release stated. Zibo , which works to provide streamlined and accessible financial services for landlords, has raised $10.5

Payments 141

Payments FDIC Tools Taxes 141

PYMNTS

AUGUST 28, 2019

Small businesses can sign up for an FDIC-insured bank account in three minutes, and can customize the platform to add sub-accounts for payroll, large purchases and taxes. Last year, the Canada-based company raised $2 million from investors Peter Graham, Tom Williams and Ferst Capital Partners.

Mobile 144

Mobile FDIC Tools Taxes 144

Jeff For Banks

JUNE 2, 2023

Third, the regulators need adequate financial resources. Finally, resolution of failing financial institutions requires that the deposit insurance fund be strongly capitalized with real reserves, not just federal guarantee.” In this regard, the bank regulatory agencies need to remain politically independent.

FDIC 78

FDIC Community Bank Regulation Lending 78

Jeff For Banks

MARCH 5, 2021

According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points. If we lose 4% of FDIC-insured institutions per year, which was pre-pandemic pace, we will have ~ 3,300 institutions in 10 years. What does that write-up look like?

Regulation 78

Regulation Indiana Charlotte Community Bank 78

Jeff For Banks

DECEMBER 23, 2016

I believe in compassionate capitalism. For example, in my firm's profitability measurement service for community financial institutions, credit unions make 80-90 basis points pre-tax profit on consumer loans, while banks make an anemic 5-10 basis points. But the tax thing. Wish 1: Banks and Credit Unions - Can We All Get Along?

Taxes 60

Taxes Meeting Resources FDIC 60

Jeff For Banks

MAY 20, 2017

To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. Construction concentration criteria : Loans for construction, land, and land development (CLD) represent 100% or more of a banking institution's total risk-based capital.

Lending 60

Lending Regulation Community Community Bank 60