Community Lending Regulation Utah 
CFPB Monitor
JANUARY 24, 2022
as a full service national bank headquartered in Cottonwood Heights, Utah. The bank will also provide a fully digital, mobile-first national lending platform for consumers across the country. The OCC announced this week that it has conditionally approved applications from Social Finance Inc.
PYMNTS
OCTOBER 17, 2017
An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active.
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American Banker
SEPTEMBER 3, 2020
The state's financial regulator sent a subpoena to an auto-title lender seeking information about its partnership with a Utah bank, marking the first public disclosure of an investigation into efforts to evade a 2019 law capping interest rates on many consumer loans.
Jeff For Banks
NOVEMBER 7, 2015
Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Banker: Because that's not community banking. I've been in this business over 20 years and still don't know the definition of community banking. In other words, be a General Bank. Seems risky.
Gonzobanker
DECEMBER 17, 2021
million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Like how does that play into our communities? 82% to over 2.3% Inspirational? You tell us.
CB Insights
FEBRUARY 13, 2020
Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Business lending and corporate cards. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions.
Lex Sokolin
SEPTEMBER 23, 2020
Instead, it is replacing payday lending as an industry. This generated a good $6 billion of revenue in 2016, though that number is likely further compressed given attempts at regulating this sector. lending/trading/saving), and are computing concurrently on a giant programmable blockchain network. billion valuation.
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