FDIC Fintech Retail Security 
Bank Innovation
APRIL 25, 2019
Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting said here at the FDIC’s Fintech and the Future of Banking conference on Wednesday. WASHINGTON, D.C.
Bank Innovation
JULY 31, 2018
It’s good news for fintechs in lending and payments that want a federal banking license, the Office of Comptroller of the Currency (OCC) has started accepting applications starting today. The fintech charter does not require deposit insurance from the FDIC, per a recommendation from the Treasury Department.
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PYMNTS
NOVEMBER 1, 2018
The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. The subject? Trust in Banks.
Bank Innovation
APRIL 24, 2019
Secretary of the Treasury Steven Mnuchin said today that he prefers private over government solutions when it comes to collecting and using consumer data for financial products and services, speaking at a fintech conference hosted here by the FDIC.
Bank Innovation
FEBRUARY 18, 2019
Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.
Abrigo
FEBRUARY 12, 2020
“Macy’s closing 125 stores signals ‘more pain’ for retailers,” ABC News reported Feb. Retailers like Pier 1, Papyrus and Express are closing 1,000 stores. That’s just the beginning,” warned the Chicago Tribune less than a week earlier. CRE a top focus for many bankers. Assess and act on creditworthy CRE borrowers quickly. Learn more.
PYMNTS
OCTOBER 17, 2017
An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Perhaps Cole’s biggest concern is the precedent it would set if Square is successful at securing such a charter.
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