CFPB Monitor

JULY 21, 2021

Last week, the OCC, Federal Reserve Board, and FDIC issued proposed guidance for banking organizations on managing risks associated with third-party relationships, including those with financial technology-focused entities such as bank/fintech sponsorship arrangements.

Risk Management 78

Risk Management Management FDIC Financial Technology 78

Payments Source

DECEMBER 20, 2018

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

FDIC 62

FDIC Regulation Fintech Policies 62

CFPB Monitor

JANUARY 6, 2020

(The hearing is likely to address the rules proposed by the OCC and FDIC in November 2019 to eliminate the uncertainty created by the Second Circuit’s decision in Madden v. On January 31, the Task Force on Financial Technology will hold a hearing entitled, “Is Cash Still King? Midland Funding.

Mobile 78

Mobile FDIC Payments Community 78

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide).

Community Bank 78

Community Bank Community Fintech Company 78

PYMNTS

DECEMBER 5, 2018

In its announcement, Signature noted that rather than funds requiring the intervention of two different financial institutions to move money between two parties, the platform enables funds to be moved in real time between corporate customers, as long as both are clients of Signature Bank. ” .”

blockchain 159

blockchain Payments New York FDIC 159

CFPB Monitor

JULY 15, 2021

The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements.

Risk Management 78

Risk Management Management FDIC Compliance 78

PYMNTS

SEPTEMBER 18, 2020

Accounts are FDIC-insured through a partnership with Bancorp Bank. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters. The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Los Angeles 231

Los Angeles UX Cards FDIC 231

CFPB Monitor

APRIL 15, 2016

In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders. In March 2016, the CFPB announced that it is taking complaints about marketplace lenders.

Lending 60

Lending FDIC Washington Financial Technology 60

Abrigo

MAY 5, 2022

Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry.

Community 195

Community Lending Maine Resources 195

PYMNTS

SEPTEMBER 18, 2020

Accounts are FDIC-insured through a partnership with Bancorp Bank. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters. The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Los Angeles 140

Los Angeles UX Cards FDIC 140

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. FDIC-insured deposits largely solve this problem for banks. Core deposits also come at much lower costs.

Community Bank 70

Community Bank Community Lending FDIC 70

CFPB Monitor

AUGUST 8, 2019

Earlier this year, the House Financial Services Committee established two task forces , one on financial technology and the other on artificial intelligence. Both task forces held their first meetings in June.

Data 60

Data Lending Compliance Policies 60

CFPB Monitor

NOVEMBER 22, 2022

Unlike the CFPB which has often given more emphasis to the potential consumer risks of financial technology-related advancements than the potential consumer benefits, the Treasury report takes a more even-handed approach.

Fintech 78

Fintech Report Data Lending 78

Jeff For Banks

APRIL 29, 2021

The subtitle came from a virtual conference where Jelena McWilliams, the FDIC Chair, said those words. Before release, I noticed that two of my social media contacts that served financial institutions and financial technology companies penned their own tomb: Beyond Good. If you're squared away, you got your sh*t together.

Conference 78

Conference social media Capital Marketing 78

American Banker

JULY 21, 2016

Two top Senate Democrats are calling on financial regulators to better examine the role of financial technology firms and how their activities interact with the existing regulatory structure.

Fintech 28

Fintech Financial Technology Regulation Technology 28

Fintech Labs Insights

MAY 2, 2023

These are the largest events in the financial services industry geared towards banking technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart banktech and fintech firms.

Las Vegas 12

Las Vegas San Francisco San Diego Conference 12

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse. “We

Lending 135

Lending Fraud Management San Francisco 135

William Mills

SEPTEMBER 9, 2016

This sounds like the best of both worlds – social funding for SMB’s with the backing of their FDIC-insurance bank. He has more than 30 years of experience in financial technology and is a recognized leader in financial and technology marketing. Showing a loan funding that looks fast and easy. finovate Tweets.

social media 40

social media ATM Mobile Customer Experience 40