Remove Colorado Remove Fintech Remove Innovation Remove National
article thumbnail

OCC fintech charter expected to receive attention at April 15 House hearing on banking innovation

CFPB Monitor

On April 15, 2021, the House Financial Services Committee’s Subcommittee on Consumer Protection and Financial Institutions will hold a hearing titled, “ Banking Innovation or Regulatory Evasion? Erik Gerding, Professor of Law, University of Colorado Law School. Exploring Trends in Financial Institution Charters.”

article thumbnail

10 Top Banking Podcasts You Should be Listening to

Abrigo

Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry. keep me informed.

Community 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The power of a CDFI

Independent Banker

La Plata County commissioner Marsha Porter-Norton champions First Southwest Bank’s innovative lending. If a program works in the area and we think we can duplicate it within our footprint or in other rural areas around the state of Colorado, then we’ll do that.”. It’s one reason why she’s a customer of the bank.

Colorado 119
article thumbnail

Got $9M? Then You Can Get A Bank

PYMNTS

The recent news that Colorado National Bank had been bought for that sum begs a few questions. Well, for starters, as bankingtech.com reported this week, the bank was bought by Latvian FinTech entrepreneurs Marks Moskvins and Maksims Jarosevskis. And it is a relatively small bank, with just two branches in Colorado.

Colorado 101
article thumbnail

California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

In 2017, the Colorado Attorney General filed lawsuits against fintechs Avant and Marlette Funding and their partner banks WebBank and Cross River Bank that included a “true lender” challenge to the interest rates charged under the defendants’ loan programs, even though the annual percentage rates were limited to 36%.

Utah 78
article thumbnail

Western Union CEO On Solving For The Future Of Global, Inclusive Financial Services

PYMNTS

With the digitization of the ecosystem and rapid emergence of FinTechs over the last decade, any company in business longer than six months old seems old, and anything that’s been around for more than five years seems ancient. The passage of time is a bit unusual in financial services. The Power of Scale.

Fintech 144
article thumbnail

Republican lawmakers urge OCC to address Madden through rulemaking

CFPB Monitor

In Madden , the Second Circuit ruled that a purchaser of charged-off debts from a national bank was not entitled to the benefits of the preemption of state usury laws under Section 85 of the National Bank Act (NBA). District Court of Colorado in Rent-Rite Super Kegs, Ltd. World Business Lenders, LLC.”