CFPB Monitor
AUGUST 13, 2018
McWilliams stated that the FDIC’s top priorities included: (1) reducing regulatory burden on community banks; (2) increasing the speed with which the FDIC reviews charter and deposit insurance applications; and (3) assisting banks to introduce new financial products that serve underserved communities.
Gonzobanker
JUNE 14, 2023
To realize the rewards of the BaaS industry, banks and fintechs are going to have to learn to play by some non-negotiable rules – together. Now, the bank is required to receive FDIC approval for all new third parties and credit products. The FDIC Consent Order is going to impact all partnerships going forward.
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CFPB Monitor
JUNE 29, 2020
The FDIC has issued its widely anticipated final rule resolving the uncertainty caused by the Second Circuit’s Madden v. The FDIC’s Notice of Proposed Rulemaking (“NPR”) was published the same week as an OCC proposed rule intended to address the same issue for national banks under Section 85. Midland Funding decision. to 1:00 p.m.
Abrigo
MAY 5, 2022
Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Some recent episode titles: “Secret Sauce for Deeper Relationships & What’s So Nifty About NFTs” and “Fintech Investment and Growth Opportunities.”
Gonzobanker
FEBRUARY 1, 2024
Concerns about successors to today’s executive leadership teams dominated many presentations. The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” While the mood felt upbeat and optimistic (maybe it was the sunny and mid-70s weather?),
PYMNTS
FEBRUARY 19, 2019
It also meant the loss of financial advice, local civic leadership and an institution that brought needed customers to nearby businesses,” Powell said last week , according to reports. .” Now, Powell is also raising concerns about how bank industry consolidation could negatively impact the small business community.
The Financial Brand
APRIL 20, 2021
Former agency attorney predicts fintech applications for full charters will become commonplace as banking evolves. The post An OCC Insider’s Perspective on Fintechs and Bank Charters appeared first on The Financial Brand.
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