Bank Innovation
MAY 31, 2019
On Thursday, the bank said it had filed an application with the Office of the Comptroller of the Currency to convert from an Ohio state-chartered bank to a national bank. Cincinnati-based Fifth Third Bank has applied for a national bank charter as it expands its suite of products and services. A national charter will ensure […].
PYMNTS
APRIL 25, 2017
The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices. Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits. Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits.
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CFPB Monitor
MARCH 15, 2022
Given such continuing threats, non-bank participants would be well-advised to revisit their vulnerability to “true lender” challenges and their compliance with state licensing laws. Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado. The DFPI is not alone in asserting a “true lender” claim.
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
MAY 15, 2017
Join Trulioo at FinDEVr London next month where the company will lead a lunch roundtable discussion, AML, KYC, OMG: How to manage compliance with a smaller team and a better UX. Daily Fintech profiles blockchain innovator and Finovate Best of Show winner, BanQu. Greenkey Technologies announces interconnection partnership with iMarket.
PYMNTS
MARCH 22, 2017
That was one of the voices from the Innovation Project’s panel on “The State of Cannabis and Commerce in the U.S.,” m oderated by Cortex MCP CEO Shaunt Sarkissian, with participation from Ohio State Senator William P. I think that is just a very cynical mixed messages to send out to the industry.”.
Gonzobanker
DECEMBER 19, 2022
SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Let’s see how this new scale allows for big investments in future innovation. His passion for innovation, community, culture, and clients provides a leadership template for all future GonzoBankers. Merger (MOE) of the Year: Credit Union.
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