American Banker
OCTOBER 10, 2023
Blue Ridge Bank in Virginia changed course after its rapid growth in the fintech partnership business landed it in hot water. But the path back to a traditional community banking model is also proving to be bumpy.
American Banker
OCTOBER 16, 2023
Billy Beale joined the small Virginia bank in May, several months after its fintech partnership strategy landed it in hot water with regulators. There's still a lot of just blocking and tackling that we've got to do to get the bank to work the way it's supposed to," he says.
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CFPB Monitor
MAY 4, 2022
The CTDPA follows the form and content of other privacy laws passed in the prior year, including the Colorado Privacy Act (CPA), Virginia Consumer Data Protection Act (VCDPA), and Utah Privacy Act (UPA). This language was likely drafted with Connecticut’s fintech and payment processing industries in mind. Biometrics.
American Banker
JANUARY 26, 2024
The Virginia bank is one of three that have been publicly admonished by regulators this week due to problems related to their banking-as-a-service programs.
Gonzobanker
DECEMBER 17, 2021
A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.
CFPB Monitor
SEPTEMBER 10, 2020
The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. In particular, the DBO seeks to learn whether LoanMart’s arrangement with CCBank is a direct effort to evade the [FACA], an effort which the DBO contends would violate state law.”.
Fintech Labs Insights
MARCH 22, 2016
million for its compliance tools. Here are the fintech deals by size from 12 March to 18 March 2016: Future Finance. HQ: Reston, Virginia. HQ: Charlottesville, Virginia. Compliance tools for digital interactions. Ghaio Fintech. Tags: Lenders, loan administration, service, compliance, lending.
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