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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

As for easing the path toward financial innovation, there’d always been some consideration of seeking a national banking charter, noted Cagney, especially as the company began building blockchain and blockchain applications over the past few years. Figure, said Cagney, can offer some of its products in New Yok — but not in, say, Illinois.

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The top-performing community banks of 2021

Independent Banker

Reynolds points to BankSouth’s focus on innovation as a contributing factor. I don’t pass an opportunity to make a pitch for innovative ideas,” Reynolds says. William Atkinson is a writer in Illinois. Ed Avis is a writer in Illinois. We’re not afraid to try things that we haven’t done before.”.

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California lawmakers urge FDIC to rein in bank partnerships

CFPB Monitor

Four Democratic members of the California state legislature recently sent a letter to the Federal Deposit Insurance Corporation (FDIC) urging the agency to take action against FDIC-supervised banks that partner with non-bank lenders to originate high-cost installment loans.

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War-Gaming The Future Of Small-Dollar Lending

PYMNTS

This year, at Innovation Project 2017 , we’ve assembled an all-star team to handicap the future of a multi-billion industry that provides alt-lending services to roughly 6 percent of American adults. Schneider, Secretary of the Illinois Department of Financial and Professional Regulation, giving a 360-degree view of its future.

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