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Initial thoughts about the proposed CPRA regulations

CFPB Monitor

In a surprising development, the California Privacy Protection Agency (CPPA) published proposed amendments to the CCPA regulations recently. The proposed amendments—which in effect are the draft CPRA regulations—were issued without advance notice, ahead of the schedule previously announced by the CPPA. .

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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

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.

Industry 108
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Data privacy: How to keep customer data safe

Independent Banker

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Shielding sensitive customer information from prying eyes remains a chronic industry challenge. By Katie Kuehner-Hebert.

Data 91
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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Through all this, First Farmers has remained disciplined in performance and squarely focused on customers and community. Acronym of the Year.

Fintech 143
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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Kim, the executives and the boards of both organizations who put rivalry aside to gain scale in the new world of banking where differentiation matters and community can be more than geography. Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. The big bang project is over.”

Utah 60
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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Kim, the executives and the boards of both organizations who put rivalry aside to gain scale in the new world of banking where differentiation matters and community can be more than geography. Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. The big bang project is over.”

Utah 60
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Chime, Uniswap, and the future of finance could soon struggle

Lex Sokolin

This generated a good $6 billion of revenue in 2016, though that number is likely further compressed given attempts at regulating this sector. It doesn’t have an ILC charter from Utah, or a crypto bank charter from Wyoming, or a straight-up bank charter like Varo, nor has it acquired any banks like Lending Club or Jiko. No shenanigans.

Capital 52