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Banks Fighting SoFi’s Banking Charter

PYMNTS

The Independent Community Bankers of America, a trade group representing about 6,000 small banks holding almost $5T in assets, is lining up against SoFi, urging the Federal Deposit Insurance Corporation to reject its application to launch a banking unit.

Utah 108
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CFPB: Are They Coming to Get You?

Jeff For Banks

Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? Should communities today be concerned by the M&A activity taking place? The edited Q&A is below. The most efficient banks in the U.S.

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Deposits: Do you want a relationship or fries with that?

Jeff For Banks

They troll the web for best rate banks, assuming one depository with FDIC insurance is no better than another. As its brand evolved, ING and its well-known Orange savings account has been able to attract deposits that are not priced at the top of the market. Its deposit rates are typically at the top of the market.

Indiana 60
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Top 5 Total Return to Shareholders: #4 Bank of the Ozarks

Jeff For Banks

But he held firm that the regulatory environment, changing customer preferences, and the pace and expense of technology were driving the market towards bigger is better. Last post was dedicated to the #5 Bank, German American Bancorp of Jasper, Indiana (see post here ). They had to grow to survive. I challenged the thinking.