PYMNTS

JUNE 20, 2017

The action comes a week after the FDIC announced that digital lender SoFi had applied to the state of Utah for a special banking charter known as an ILC. You don’t have any regulation of the parent company under the Bank Holding Act; that is almost always the reason why companies are setting these [structures] up,” he said.

Utah 108

Utah Indiana America Community 108

Jeff For Banks

MARCH 5, 2021

Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? Another challenge is imposed by the very government that tries to assist LMI households: regulation. Retail banking is heavily regulated.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

Jeff For Banks

MARCH 27, 2010

Regulators have been particularly harsh to those banks whose business plans call for other-than-traditional deposit acquisition. If your bank has brokered deposits, Internet deposits, jumbo CDs, rewards checking, and in some cases CDARs, a regulator near you may be calling to order you to seek more traditional funding.

Indiana 60

Indiana FDIC Strategy Regulation 60

Jeff For Banks

SEPTEMBER 10, 2011

But he held firm that the regulatory environment, changing customer preferences, and the pace and expense of technology were driving the market towards bigger is better. Last post was dedicated to the #5 Bank, German American Bancorp of Jasper, Indiana (see post here ). They had to grow to survive. I challenged the thinking.

Arkansas 66

Arkansas South Carolina FDIC North Carolina 66