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Wyoming community bank winds down fintech program

American Banker

The Federal Reserve issued an enforcement action against Mode Eleven Bancorp, the holding company for Summit National Bank, which engages in banking-as-a-service.

Wyoming 73
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Wyoming Bank Latest to Receive ‘Special Purpose’ Charter

Banking Exchange

Wyoming bank receives digital services charter as controversy over issuance continues Community Banking Feature3 Feature Compliance.

Wyoming 78
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All Pain, No Gain

Independent Banker

Of course, Basel III—otherwise known as the Third Basel Accord—is a global regulatory framework on bank capital adequacy, stress testing and market liquidity risk. Most concerning has been the safety-and-soundness regulation’s unnecessary effect on reducing certain lending by community banks, say Kendrick and several community bankers.