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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

FDIC 166
FDIC Kansas City San Francisco Missouri 166
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Another Maryland threat to bank partner model lending

CFPB Monitor

MAY 6, 2021

In addition, legal challenges to the OCC and FDIC “ Madden -fix” rules and the OCC’s “true lender” rule continue to create uncertainty for participants. As a result, participants would be well-advised to revisit their compliance with state licensing laws and their vulnerability to “true lender” and Madden challenges.

Maryland 78
Maryland Lending Missouri FDIC 78
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